Triton completes investment in Royal Reesink
An entity controlled by the funds advised by Triton Partners (“Triton”) has successfully completed the acquisition of a majority stake in Royal Reesink B.V. (“Royal Reesink”), one of the largest international equipment distribution and aftermarket services platforms, from Gilde Buy Out Partners ("Gilde"), Teslin Participaties Coöperatief U.A. ("Teslin") and Navitas B.V. ("Navitas Capital"). Triton invests alongside the current management of Royal Reesink. The financial terms of the transaction were not disclosed.
Royal Reesink is a long-standing partner for major A-brand OEMs and is active in the agriculture, turf care, material handling and construction industries and hydraulics business. The company is recognized by its customers as a preferred provider of equipment and related lifecycle services.
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 39 companies currently in Triton's portfolio have combined sales of around €15,6 billion and around 74,600 employees.
For further information: www.triton-partners.com