Equistone acquires the Roth Group
Funds advised by Equistone Partners Europe have acquired a majority stake in the Roth Group; the management will retain a stake in the company. The seller is the Swiss investor group Ufenau Capital Partners.
The Roth Group, based in Gerlafingen near Solothurn, is one of the country's leading providers of fire protection, insulation and coating services. Among other things, the Group offers insulation in the building services and industrial sectors as well as services for structural fire protection and coatings. The focus is on residential, industrial and commercial buildings as well as infrastructure projects; customers come from both the public and private sectors.
Ufenau Capital only acquired a majority stake in the Roth Group in August 2014 as part of a succession plan. Four companies were acquired during Ufenau Capital's two-year investment: Today, the group consists of Roth AG, Aebisol AG, Issa AG, LD brandschutz AG and wanzenried & baur AG. When the investment company based in Pfäffikon joined the Group, it employed around 200 people and had offices in Lausen, Rümlang and Malters in addition to its headquarters in Gerlafingen. Today, over 350 employees work for Roth at nine locations in Switzerland.
The former Roth main shareholder and Managing Director Stefan Blaser will remain on board as CEO even after the latest change of ownership.
The parties have agreed not to disclose the purchase price. (ah)
