16-Mar-2021

goetzpartners advised Aurelius Growth Investments' Portfolio Company G&N on the acquisition of Telroth

Deal announcement

goetzpartners advised G&N Gefahrenmelde- und Nachrichtentechnik GmbH („G&N“), a portfolio company of AURELIUS Wachstumskapital SE & Co. KG ("AWK", "AURELIUS Growth Investments"), on the acquisition of TELROTH GmbH ("TELROTH"), a German provider of high-quality services in the field of technical building technology for fire alarm systems, security technology as well as IT and telecommunications technology.

Like G&N, TELROTH offers high-quality services in the field of technical building technology for fire alarm systems, security technology as well as IT and telecommunications technology. A large proportion of sales are generated with maintenance and service. Headquartered in Hilden near Düsseldorf, TELROTH perfectly complements the existing G&N sites in Wartenberg near Fulda (HQ), Essen, Frankfurt am Main, Berlin, Hamburg, Gießen, Montabaur and Dortmund. After the acquisition of SSP Schwachstrom-Partner GmbH (“SSP”) in February 2021 with its branches in Hamburg and Berlin, the TELROTH transaction represents the second acquisition by G&N this year and thus underlines the successful approach of AWK to actively expand portfolio companies through acquisitions of market participants.

Nico Vitense, Managing Partner at AWK, was very pleased with the transaction: “We are very pleased that TELROTH, a leading regional provider of fire alarm systems, security technology, as well as IT and telecommunications technology, joins the G&N Group for technical building services. Thanks to a wide range of high-quality services, TELROTH enjoys an excellent reputation among its customers. Together with a great team led by managing directors Stefan Plück and Andreas Brosch, we will further pursue the growth of TELROTH and thereby of the Group as a whole. Due to the acquisitions of SSP and TELROTH, G&N’s sales have almost doubled within a few weeks."

Stefan Plück and Andreas Brosch added: “Together with G&N and AWK, there are new opportunities for TELROTH to grow and to exploit additional potential. In particular, we see additional growth opportunities in the areas of IT and telecommunications technology within the G&N Group."

Stefan Carle, managing director of G&N, stated: “A partnership between G&N Group and TELROTH strengthens our market position significantly in the economically strong Cologne/Düsseldorf metropolitan area. We are very much looking forward to working with Stefan Plück, Andreas Brosch and their team."

goetzpartners acted as sole and exclusive M&A buy-side advisor to AURELIUS Growth Investments. This transaction further underlines our competence as advisor of choice in the TMT industry and emphasises our competence in creating outperforming process tactics for our customers paired with unmatched execution and coordination power. We are pleased by the successful outcome and outstanding results amidst the COVID-19 pandemic.

ABOUT AURELIUS GROWTH INVESTMENTS
As part of the AURELIUS Group, AURELIUS Growth Investments focuses on Buy and Build and buyouts/succession solutions. AURELIUS Growth Investments’ current portfolio comprises a total of eight companies. In addition to capital for investments and growth, AURELIUS Growth Investments supports the management of its portfolio companies through its extensive entrepreneurial experience and helps to implement growth initiatives and realise operational potential.

ABOUT TELROTH
TELROTH was founded in 1967. The company is a leading regional provider of technical building services in the areas of fire alarm systems, security technology as well as IT and telecommunications technology in the Cologne/Düsseldorf metropolitan area. In total, the company employs over 90 employees in Hilden near Düsseldorf.

TRANSACTION TEAM

Ivo Polten
Managing Director
Email

Adelin Trusculescu
Director

Lukas Niedermeier
Analyst