TRENCH GROUP acquired by TRITON PARTNERS
Context
Triton acquired the Trench business from Siemens Energy. The deal allows Siemens Energy to sharpen its portfolio while giving Trench the independence to invest in capacity expansion to meet the booming demand for grid infrastructure. Triton supported the carve-out and setup of standalone functions.
TRENCH GROUP, which reported an EBITDA margin of in 2024, 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
Trench Group is a global leader in high-voltage grid components, including bushings, instrument transformers, and coils. These critical components are used by utilities to measure, protect, and control the flow of electricity in transmission and distribution grids. The group employs ~2,400 people and operates 9 factories globally.
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REFERENCES
Revenue range: 450M - 900M EUR
EBITDA range: 50M - 100M EUR
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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
Acquirer: triton partners