Triton Partners acquires V&N Group

Transaction summary

FRANKFURT, RIJSSEN, 5 April 2024 – Funds advised by Triton Partners ("Triton") have signed an agreement to acquire 100% of VolkerWessels Verbindingen en Netwerken B.V. (“V&N Group”), a company indirectly fully owned by Koninklijke VolkerWessels B.V. (“VolkerWessels”) and controlling the entities Visser & Smit Hanab B.V., VW Telecom B.V. and Homij Technische Installaties B.V. (the VolkerWessels Energy, Telecom and Technical Installation companies cluster).

V&N Group is a leading multi-utility service provider with dedicated focus on sustainable and digital solutions in the fields of energy & utility, connectivity and building installation services. The company is present throughout the Netherlands and each of its entities are partners of choice for the main public and private clients in their respective business areas.

Triton is acquiring V&N Group with a strong belief in the growth potential of the company and its long-established customer relationships, which Triton plans to further invest in. The acquisition builds on Triton’s established reputation as a reliable new home and a good cultural fit for corporate carve-outs as well as family-owned businesses.

Press releases: Triton and VolkerWessels

Emendo Capital acted as exclusive financial adviser to Triton in collaboration with Clifford Chance as legal adviser. The transaction is subject to the advice of the central works council of VolkerWessels and customary regulatory approvals. Financial details of the transaction are not disclosed.

About Triton

Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.

Triton has over 200 investment professionals across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.

For additional information on Triton, visit https://www.triton-partners.com

About VolkerWessels

VolkerWessels is a leading, international company with a focus on construction and infrastructure. The company operates in the Netherlands, the United Kingdom, North America, and Germany and has a total of more than 130 different operating companies.

For additional information on VolkerWessels, visit https://www.volkerwessels.com