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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