NEW YORK and OREGON,
Wis., July 16, 2024 /PRNewswire/ -- Palladium
Equity Partners, LLC (along with its affiliates, "Palladium"), a
middle market private equity firm, announced today that it has
completed its previously announced sale of its majority interest
in Trachte, LLC ("Trachte"), a leading provider of highly
engineered protection and control buildings with mission critical
applications, to an affiliate of nVent Electric plc
(NYSE: NVT) ("nVent") for $695 million. Palladium, which
focuses on transforming family and founder-owned businesses,
acquired its majority stake in Trachte in 2020.
Daniel Ilundain, Partner and
Co-Head of Flagship Funds of Palladium, and Scott Kirschner, a Principal, said, "We are
extremely pleased with the outcome of this investment which is
another excellent example of how Palladium creates value and
elevates the businesses in which it invests to the next level. We
wish the teams at nVent and Trachte all the best going
forward."
About Palladium Equity Partners, LLC
Since its
founding in 1997, Palladium has invested in more than 210 companies
(40 platforms and more than 170 add-ons). With
over $3 billion in AUM, the firm focuses primarily
on buyout equity investments in the range of $50
million to $150 million. Palladium seeks to acquire and
grow companies in partnership with founders and experienced
management teams by providing capital and strategic guidance. The
partners of the firm have meaningful experience in consumer,
services, industrials, and healthcare businesses, with a special
focus on companies they believe will benefit from the growth in the
U.S. Hispanic population. For more information,
visit www.palladiumequity.com.
Contacts:
For Palladium Equity Partners:
Todd Fogarty / Jeffrey Taufield
todd.fogarty@kekstcnc.com or jeffrey.taufield@kekstcnc.com
212-521-4800
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SOURCE Palladium Equity Partners, LLC