Palladium Equity Partners acquires majority stake in Trachte USA from MPE Partners
Palladium Equity Partners, a middle market private equity firm, has acquired a majority stake in Trachte USA from MPE Partners, for an undisclosed price.
Trachte USA is a Wisconsin-based manufacturer of preassembled and modularized control buildings. The company caters to the power transmission, energy, data center, chemical processing, and general industrial end markets.
It provides engineered buildings, hardware, and related solutions that house electrical controls, switchgear, and other advanced equipment and systems.
The management and members of the Trachte family will continue to hold a minority stake in the business. MPE Partners will also maintain a minority equity interest in the company.
Joe Machado – Partner at MPE Partners said: “Over the course of MPE’s ownership, Trachte successfully transitioned from a family-owned business to an institutionally-owned and professionally-managed enterprise. We preserved the knowledge, culture, and reputation instilled by the founding family, while at the same time investing in new technology platforms, manufacturing capacity, and organizational development in order to take the Company to the next level.”
Trachte has a workforce of nearly 200 employees, which includes around 50 engineers. The company has manufacturing plants in Wisconsin and Georgia.
Caleb Clark – Partner at Palladium Equity Partners said: “We have been proactively seeking an investment in the Power and Utility space, and believe that Trachte is an ideal growth platform to execute this strategy.
“Trachte provides a highly engineered, total solution to its customers. The company’s design engineering, project management and related value-added services and reputation for quality make it the provider of choice for leading utilities and equipment OEMs.
“We are excited to work with Trachte’s exceptional management team led by Jim Gross in supporting the company’s legacy and the execution of its organic and acquisition growth strategy.”