Triton Sells Remaining RENK Shares, Completing Exit

Triton Partners To Acquire Flender From Carlyle

June 7, 2026

Industrial Services

Carlyle has agreed to sell Flender, a mechanical drive technology and industrial drive systems manufacturer, to Triton Partners (Triton Fund 6). The transaction is expected to close in the fourth quarter of 2026 and is subject to regulatory approvals, with financial terms reportedly valued at around €3 billion.

RENK Group AG Acquires Cincinnati Gearing Systems Inc.

April 16, 2025

Manufacturing

RENK Group AG has completed the acquisition of Cincinnati Gearing Systems Inc., which will operate as RENK America Marine & Industry LLC. The deal brings CGS's Mariemont and Milford, Ohio facilities (≈15,000 sqm) and over 100 skilled employees to RENK, strengthening RENK's North American presence and naval/defense transmission capabilities.

RENK Group Acquires L3Harris Combat Propulsion Systems to Create RENK America

July 6, 2021

Aerospace & Defense

RENK Group acquired L3Harris Technologies' Combat Propulsion Systems business for roughly $400 million in cash and also purchased L3Magnet-Motor GmbH, forming RENK America headquartered in Muskegon, Michigan. The deal expands RENK's U.S. manufacturing footprint and capabilities in armored-vehicle propulsion and hybrid drive solutions while retaining nearly 400 U.S. employees.

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.

Triton Partners Acquires Majority Stake in Royal Reesink

November 6, 2019

Industrial Services

An entity controlled by the funds advised by Triton Partners has acquired a majority stake in Royal Reesink B.V. from Gilde Buy Out Partners, Teslin Participaties and Navitas B.V., with Triton investing alongside Royal Reesink management. Royal Reesink is an international equipment distribution and aftermarket services platform active in agriculture, turf care, material handling, construction and hydraulics, with around 2,100 employees; financial terms were not disclosed.