DPE acquires Stromberg

DPE will draw equity from its DPE Deutschland III vehicle. The fund held a final close in 2017 on €575m and was 44% deployed as of March 2018. The firm traditionally invests between €20-60m in portfolio companies.

DPE acquired Stromberg to merge it with its portfolio company Massenberg. The combined company will employ 400 people. Stromberg's managing director will continue to work for the company in a managerial capacity.

The firm agreed to acquire a majority stake in Massenberg in April 2019 with plans to implement a buy-and-build strategy. This is the company's first bolt-on.

Company
Founded in 1904, Stromberg operates four main business lines: concrete repair, corrosion protection, acid build protection and fire protection services. Headquartered in Düsseldorf, the company employs 100 people.

People
DPE Deutsche Private Equity – Mark Suderow (investment director).
Massenberg – Heiner Stahl (CEO).
Stromberg Oberflächentechnik – Rainer Stromberg (managing director).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Buy-and-build
• Build-up
• Deutsche Private Equity