RANTUM PORTFOLIO COMPANY AQUA GROUP CONTINUES GROWTH PATH AND ACQUIRES STROBL GROUP IN BAVARIA
- Strobl, headquartered in Holzkirchen south of Munich, is a leading water and fire damage restoration company in Bavaria
- Together with ABT and Scherer, the Aqua Group can now provide comprehensive coverage of the southern German region
- Further value creation potential through customer diversification, cross-selling, and operational synergies
In August 2021, the Aqua Group was formed through the acquisition of a majority stake in A. B. T Anlagen- und Bautrocknungs GmbH (“ABT”), headquartered in Langgöns/Hesse, a leading water and fire damage restoration company in the Rhine-Main region, by Rantum Private Equity Fund II. The acquisition of Strobl Group is already the third add-on acquisition of the Buy & Build platform on its way to becoming a supra-regional group of companies in this sector.
Strobl Holding GmbH and its subsidiaries Strobl Service GmbH and Strobl Sanierung GmbH (together “Strobl Group” or “Strobl”), headquartered in Holzkirchen, form a leading water and fire damage restoration specialist in Bavaria. With four locations in Holzkirchen (near Munich), Nuremberg, Ulm, and Augsburg and more than 100 employees, Strobl Group is a reliable full-service provider for leading insurance companies and property management companies. Strobl has a comprehensive service portfolio and long-standing customer relationships and has been able to realize continuous organic growth with existing and new customers in recent years.
Hartwig Finger, Managing Director of Aqua Group: “After Scherer, Strobl is the next significant addition to our group, enabling us to offer our services across southern Germany. By joining forces, we can diversify our customer portfolio and realize operational synergies. Strobl is well advanced in some areas, which can benefit the whole group.”
Rainer Strobl, formerly managing owner of Strobl, adds: “After the successful last few years, joining Aqua Group is exactly the right step for me to realize the further growth potential of my company. Our management team and all employees are looking forward to working with Hartwig Finger and Aqua Group.”
Rainer Strobl has re-invested in Aqua Group as part of the transaction and remains involved as an advisor to the group.
Aqua Group and Rantum were advised on the transaction by Ebner Stolz (Dr. Roderich Fischer, Holger Beck, Matthias Krankowsky, Alexander Euchner). Acquisition financing was provided by Hypo Vorarlberg (Tobias Schaar, Rainer Terwart). Law firm Ashurst (Dr. Matthias Weissinger, Lorenz Schwojer) provided legal advice to Aqua Group and Rantum on the financing of the transaction.