VR Equitypartner-backed Kälte Eckert buys Gartner Keil & Co

Keil will continue to have an operative role within the business.

The GP plans to develop synergies between the companies, including their geographical service network, personnel, and industry knowledge, according to a statement. The GP deployed additional equity to finance the acquisition.

VR Equitypartner bought a majority stake in cooling systems and cold storage business Kälte Eckert in August 2017. Gartner Kiel & Co is the second in the GP's buy-and-build strategy, following the acquisition of Günther Kältetechnik in November 2019.

Company
Gartner Kiel & Co produces cooling and air conditioning systems, as well as equipment for cold and deep-freeze storage. The systems are used in offices, computer rooms, laboratories, hotels, law firms and doctors' offices.

Founded in 1990 and based in Neulußheim, the company has 16 employees and generates revenues of less than €5m.

People
VR Equitypartner – Christian Futterlieb (managing director).
Kälte Eckert – Holger Eckert (managing director).
Gartner Keil & Co – Frank Keil (managing director).

Advisers
Equity – Steinbeis Consulting Mergers & Acquisitions, Ulrich Praßler (M&A); Heuking Kühn Lüer Wojtek, Rainer Herschlein, Charlotte Schmitt (legal); Helmer & Partner, Rüdiger Frieß (financial due diligence, tax).

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• Topics
• Expansion
• DACH
• Industrials
• Build-up
• Acquisition finance
• Germany