Palladium Equity Partners, LLC is excited to share news of the recent signing of a definitive agreement to sell Trachte LLC. Scott Kirschner, CFA, a Principal at Palladium Equity Partners, said, "We are extremely proud of the results achieved at Trachte over the past four years and want to thank Rafael-Diaz Granados, Shawn Smith and the entire Trachte team for their partnership. We are excited to continue to see the additional growth potential that the partnership with nVent will bring to the business, its customers and employees, as they capitalize on the multi-generational tailwinds in the markets they serve." Daniel Ilundain, CFA, Partner and Co-Head of Flagship Funds of Palladium, added, "Our investment in Trachte represents yet another excellent example of how Palladium accelerates value creation and drives the businesses in which it invests to the next level. Since acquiring Trachte in 2020, we have worked hand in hand with their team as the Company has grown tremendously, all while providing critical infrastructure products which help power our communities. We wish them all the best as they enter a new partnership with nVent." https://lnkd.in/eTSqPju9
Congratulations to Daniel Ilundain, CFA, Scott Kirschner, CFA, and the rest of the team at Palladium Equity Partners, LLC on the signing of a definitive agreement to sell Trachte LLC. Trachte provides engineered enclosures critical to strengthening and hardening America’s infrastructure, especially in data centers and across the electrical grid. Since we acquired the company in September 2020, Palladium recruited world-class executive talent, completed a transformative add-on acquisition, and diversified the platform into new segments, channels, geographies, and end-markets. Palladium partnered with long-time operating executive, Rafael Andres Diaz-Granados, who has worked on three of our platform investments since 2019. Congratulations team. https://lnkd.in/exA75fVR