Schaeffler AG Acquires Ewellix from Triton

Solve Industrial Motion Group Acquires Bearings Limited and Tritan Brand

December 16, 2021

Manufacturing

Solve Industrial Motion Group, a portfolio company of Audax Private Equity, has acquired Bearings Limited and its Tritan brand. The add-on expands Solve's manufacturing and distribution footprint across North America, adding more than 25,000 Tritan products and six regional stocking locations to the Solve platform.

Parkson Corporation Acquires Assets of Schreiber LLC

February 2, 2021

Industrial Services

Parkson Corporation, a wholly owned subsidiary of Axel Johnson Inc., has acquired the assets of Schreiber LLC of Trussville, Alabama. The deal augments Parkson's wastewater product portfolio (pumps, headworks, biological and filtration technologies) and expands its aftermarket parts and services presence with a second dedicated facility in the U.S. Southeast.

Glebar Company Acquires Tridex Technology

January 3, 2020

Manufacturing

Glebar Company, a precision grinding solutions manufacturer based in Ramsey, New Jersey, has acquired Tridex Technology Ltd to add electrochemical grinding (ECG) capabilities to its product portfolio. The acquisition expands Glebar's capabilities in medical and aerospace precision cutoff and grinding solutions and positions the company for further organic and inorganic growth.

Triton Acquires SCHOCK GmbH from IK Investment Partners

February 18, 2021

Building Products

Triton Fund V, advised by Triton, has signed and completed an agreement to acquire SCHOCK GmbH, the German inventor and leading producer of quartz composite kitchen sinks, from IK Investment Partners (IK VIII Fund). Financial terms were not disclosed; Triton said it will support SCHOCK's international growth, product development and sustainability initiatives under the management team led by CEO Ralf Boberg.

Triton (via Rebecca BidCo) Acquires Majority Stake in RENK AG

January 30, 2020

Manufacturing

Triton V, through its subsidiary Rebecca BidCo, signed an agreement to acquire a majority stake in RENK AG from Volkswagen Vermögensverwaltungs-GmbH and other shareholders, valuing VW’s 76% stake at €97.80 per share. The transaction completed in October 2020 after a voluntary public takeover offer that secured an additional ~14.2% of shares; RENK AG (headquartered in Augsburg, Germany) will be a Triton portfolio company focused on expanding its technology leadership and digitalisation initiatives.

Assemblin Acquires Fidelix

December 9, 2020

Electrical Services

Assemblin, a Triton IV portfolio company, has signed an agreement to acquire Fidelix Holding Oy and its subsidiaries to strengthen Assemblin's building automation capabilities and expand its position in the Finnish market. Fidelix, founded in 2002, is a Nordic building-automation manufacturer and service provider with annual sales above SEK 540 million and approximately 360 employees. The transaction is subject to competition authority approval.