Apheon-Led Roll-up of German Trenchless Pipe Rehabilitation Firms Backed by Crescent European Specialty Lending
January 19, 2026
Crescent Capital Group’s European Specialty Lending strategy provided financing to support a buy-and-build platform led by pan‑European private equity firm Apheon and the founders of several Germany-based pipe rehabilitation and manufacturing businesses. The financing will consolidate IMS Group, resinnovation, Polypipe, Amex Sanivar, Hurricane Trenchless Technologie and Kardiam into a single integrated platform offering equipment, materials and turnkey trenchless pipe rehabilitation solutions, with Crescent also committing capital for future add-ons.
- Buyers
- Crescent Capital Group, Apheon
- Targets
- IMS Group GmbH, resinnovation GmbH, Polypipe (German operations), Amex Sanivar, Hurricane Trenchless Technologie GmbH, Kardiam Diamantwerkzeuge GmbH
- Industry
- Industrial Services
- Location
- Germany
- Transaction Type
- Addon
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