Prior to Its Acquisition by Houlihan Lokey, GCA Advised Engelmann

GCA Altium acted as the exclusive financial advisor to capiton, NORD Holding, the Brendecke family, and the management team of Engelmann Sensor (Engelmann), a leading European manufacturer in the smart heat metering industry, on their sale to Deutche Private Equity, a leading middle-market buyout investor.

Engelmann is the leading European manufacturer of smart heat meters for the submetering industry. In recent years, Engelmann has continuously strengthened its market positioning by evolving its comprehensive product portfolio to become the preferred system provider in the market. Engelmann has 170 employees with assembly sites at its headquarters in Wiesloch, Germany, as well as in Suining, China, and generated revenues north of €45 million in FY 2020/2021. Driven by regulatory enforcements and the overall climate goal for decarbonization, the rollout of smart meters is expected to significantly contribute to Engelmann’s growth in upcoming years.

NORD Holding and capiton acquired Engelmann in 2014. Key milestones during this time have been the successful development of a new management team, the improvement of operational efficiencies, as well as new product launches and successful client diversification.