nVent Acquires Trachte from Palladium for $695 Million

June 6, 2024

nVent Electric plc has acquired the parent of Trachte, LLC for $695 million, subject to customary adjustments. Trachte, a manufacturer of custom-engineered control buildings headquartered in Wisconsin with more than 500 employees and estimated 2024 revenue of ~$250 million, will be operated within nVent's Enclosures segment to expand its systems protection and enclosures capabilities across utilities, data centers and renewables.

Buyers
nVent Electric plc
Targets
Trachte, LLC
Sellers
Palladium Equity Partners, LLC
Industry
Manufacturing
Location
Wisconsin, United States
Transaction Type
Buyout

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