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 [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).
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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.
Ent. Value
€450–900M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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| 11/2023 | GEORG FISCHER | UPONOR | FINLAND | Valves, Pumps & Taps |
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | TRITON PARTNERS | FLENDER | GERMANY | Special Machinery |
| 06/2026 | TRITON PARTNERS | BUREAU VERITAS OIL & PETROCHEMICALS | FRANCE | TIC (Testing, Inspection, Certification) |
| 01/2026 | TRITON PARTNERS | FORMICON | GERMANY | Architecture & Engineering |
| 07/2025 | TRITON PARTNERS | MACGREGOR | FINLAND | Naval |
| 06/2025 | TRITON PARTNERS | KEENFINITY | GERMANY | IT Equipment |
| 06/2025 | TRITON PARTNERS | PRENAX GROUP | SWEDEN | BPO & Outsourcing |
| 05/2023 | TRITON PARTNERS | UNICA | NETHERLANDS | Multi-technical Installation |
| 07/2022 | TRITON PARTNERS | OCU | UNITED KINGDOM | Utilities Networks (Water/Fiber) |
| 06/2022 | TRITON PARTNERS | ESPERI CARE | FINLAND | Nursing Homes |
| 07/2021 | TRITON PARTNERS | SWISS IT SECURITY GROUP (SITS) | SWITZERLAND | Cybersecurity Services |
REFERENCES
Revenue range: €450–900M
EBITDA range: €50–100M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRENCH GROUP by TRITON PARTNERS are reserved for mynth community members. Register for free to unlock full data.
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