mynth
09/2013

LOGSTOR acquired by TRITON PARTNERS

DENMARK Industrial Equipment / Components / Valves, Pumps & Taps REV 1m EUR - 100m EUR

Context

Triton Fund III has completed the 100% acquisition of Logstor from funds managed by Montagu Private Equity. The transaction involved the transfer of all share capital to the Triton-controlled investment vehicle, following the receipt of all necessary regulatory approvals. This investment aligns with the fund’s strategy to acquire market-leading, mid-sized businesses with strong operational fundamentals. By backing Logstor, Triton aims to leverage its deep operational expertise to support the company’s next phase of growth. The rationale focuses on enhancing Logstor’s market position within the district energy sector, capitalizing on the increasing demand for energy-efficient infrastructure and long-term sustainable utility solutions.

LOGSTOR, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Logstor is a leading developer and manufacturer of pre-insulated pipe systems, primarily serving the district heating and cooling sectors. The company provides a comprehensive suite of thermal distribution solutions designed to minimize energy loss in fluid transport networks. With a deeply rooted focus on thermal efficiency, the firm operates as a critical link in the energy infrastructure value chain, enabling municipal and industrial clients to optimize their heating and cooling distribution systems. The firm’s value proposition is built upon proprietary insulation technology and high-performance engineering, which are vital for sustainable urban energy management. Logstor differentiates itself through a commitment to innovation, delivering specialized solutions that meet rigorous safety and efficiency standards required for large-scale energy transport. Its strategic focus centers on supporting the transition toward greener energy grids, where effective heat retention is a fundamental requirement. By maintaining a robust technical edge and a specialized product portfolio, the company has secured a dominant position within the European energy infrastructure market. The firm’s ability to combine technical engineering with scalable production capabilities ensures a strong competitive advantage in an industry increasingly defined by environmental regulations and energy efficiency mandates.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
2012

Other operations with LOGSTOR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2021KINGSPANLOGSTORDENMARKValves, Pumps & Taps

REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: logstor

Acquirer: triton partners