July 21, 2021
Acquisition financing, Debt advisory
GCA Altium advises EOS Partners on an acquisition financing for Oertel & Prümm
GCA Altium acted as advisor to EOS Partners on their investment in Oertel & Prümm GmbH & Co. KG, a leading electrical engineering company specialising in power supply, security, communication and building technology.
Oertel & Prümm, based in Cologne and founded in 1894, is a successful, fourth generation family-led business with a focus on complex large-scale projects, that include new buildings as well as redevelopments and modernisations. The company handles projects of various sizes from planning to completion, and also offers facility management services and maintenance. Oertel & Prümm has had an impressive financial track record throughout economic cycles, which is a testament to its strong cash and risk management. Both owners, who have outstanding industry expertise, will stay on board as Managing Directors and shareholders.
The structured and tailored financing package provides Oertel & Prümm with a balanced offering between attractive financing terms, as well as high flexibility to support its geographic expansion and the extension of the service portfolio through an active buy-and-build strategy to form a leading one-stop-shop in light of increasing technological complexities.
Thomas Röhrl, Partner at EOS, stated: “Oertel & Prümm has a strong reputation and represents a constant in the market. Its significant process expertise will enable it to benefit from prevailing industry trends and meet the increasing complexity. Developing the platform to meet the technological challenges, especially in the growing IT and electrical engineering sectors, will be an exciting joint task that we are very much looking forward to.”
Thorsten Weber, Managing Director at GCA Altium, commented: “The new financing structure provides Oertel & Prümm with a high degree of flexibility which is key in a project business and will support the Company in its ongoing buy-and-build strategy. We are convinced that EOS is the ideal partner for Oertel & Prümm and together with the Managing Directors they will support the Company’s planned growth.”
The transaction closed on the 21st July 2021. The parties agreed that no details of the transaction would be disclosed.