Stangl Technik Holding, a leading provider of comprehensive engineering and technical building services in Poland and the Czech Republic, will change its ownership. Genesis Private Equity Fund III (GPEF III) and Avallon MBO Fund II have agreed with SPIE on the sale of a majority ownership stake. The closing of the transaction is expected to take place in July 2022 and is subject to approval by the Polish anti-monopoly authority.
In 2018, GPEF III and Avallon MBO Fund II acquired a majority stake of Stangl Technik (formerly EQOS Energie Česko and EQOS Energie Polska) from a successful carve-out from a European corporate group specializing in the electrification of networks. An experienced long-standing management team, which had led the Polish and Czech entity since their establishment in 2010, became minority shareholders and played an indispensable role in the successful transition into an independent company with a stable client base and culture of continuous improvement.
During the four-year period, Stangl Technik Holding reaffirmed its position among a few leading companies in the Czech and Polish markets with the ability to deliver complete technical building services of the highest quality covering the whole lifecycle of the building. Stangl Technik successfully navigated through a turbulent period with continuously improving profitability. The same management team stays in the company and expect further growth alongside the new owner.
Adam Ruta, an Investment Manager at Genesis Capital Equity, said: “Our team is delighted to see the entry of a strategic partner of such importance. The success of Stangl Technik is a great example of our investment approach when a highly competent management team gets support from a financial investor in a carve-out situation. We are confident that with the enhanced opportunities through SPIE and continuity of Stangl Technik’s management, the company will continue its successful development and further growth."
Mateusz Kacprzak, an Investment Director at Avallon MBO Fund, said: “The exit from the Stangl Technik is an extremely successful transaction for us. It has been executed in a model manner for Avallon - carried out together with managers whom we supported in the buyout from a large industrial player, thus contributing to strengthening the company’s market position in Poland and the Czech Republic. I believe that this is the private equity at its best. In Avallon, we believe in and search for projects like that. We are proud of cooperating with the Managers of Stangl Technik for all those years and we wish the company further dynamic growth within SPIE.”
Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa: "With Stangl, we are gaining a leading player for installation services in mechanical and electrical building technology. We are expanding our range of services and strengthening our position as a strong partner for multi-technical services in Poland and Czech Republic. We are very much looking forward to shaping the future with the management and the around 380 highly qualified employees of Stangl!".
Martin Horák, CEO of Stangl: "With our excellent competence, we have achieved a leading position in the Polish and Czech building technology market. We are very much looking forward to the joint future with SPIE and the opportunities to further develop the business in Poland and Czech Republic. We are convinced to make a strong contribution."
About Stangl Technik
Stangl Technik is a leading player in Poland and the Czech Republic for installation services for mechanical and electrical building technology with the ability to cover the whole lifecycle of the building. Stangl Technik, with its holding entity based in Swidnica, in the south-west of Poland, employs in total around 380 highly qualified employees with its local presence in both Poland and the Czech Republic. In 2021, Stangl Technik generated revenue of € 67 million. For more information, please visit: www.stangl-technik.com
About Genesis Capital
Genesis Capital is a private equity group offering financing for growth and development to small and medium companies in Central Europe. Since its foundation in 1999, Genesis Capital has advised six private equity funds with a total volume exceeding EUR 350 million. These funds have already supported more than 60 companies. At present, Genesis funds hold investments in the following companies: HP Tronic/Datart, Sanborn, 11 Entertainment Group, Summa Linguae Technologies, Conectart, GTH Multicatering, R2B2, Home Care Promedica and HC Electronics. For more information, please visit: www.genesis.cz
About AVALLON MBO Fund
Avallon MBO is an experienced and trusted investor in the management buyout field. For twenty-five years, it has been carrying out investments in Poland and CEE together with managers. It has participated in over one hundred transactions, and the total value of funds it has raised for investment purposes is over EUR 300 million. The Avallon’s portfolio includes seven other firms: Hortimex, Wosana, EDC Expert, Marketplanet, Novo Tech, Clovin and Norlys. For more information, please visit: www.avallon.pl/en/
SPIE is the independent European leader in multi-technical services in the areas of energy and communications. SPIE’s 48,000 employees are committed to achieving the energy transition and digital transformation alongside its customers. In 2021, SPIE achieved consolidated revenues of €6.97 billion and consolidated EBITA of €427 million. For more information, please visit: www.spie.de
PR contact Genesis Capital:
David Vondra, Insighters
E-mail: email@example.com, tel. +420 776 700 131