Succession: ADCURAM acquires Berlin-based Garbe Group
Munich — With the Garbe Group, Adcuram Group AG acquires a regionally leading and successful provider of complex construction services with 370 employees. Under the name RWG, the company bundles its specialization in technically complex demolition projects. Thanks to further in-house expertise in the field of pollutant remediation and its own building materials recycling centers, the Group already has an excellent position, an outstanding market position in Berlin and sustainable operating margins of over 10%.
With ADCURAM’s participation, the succession of the founder and managing director Eckhard Garbe will be settled and the processes and structures of the group will be further improved. The parties have agreed not to disclose details of the transaction, which has already been completed.
“ADCURAM will strengthen its own capacities, selectively complement its range of services and further expand its market position. We see very attractive market conditions and opportunities for regional expansion in Berlin in the coming years,” says ADCURAM CEO Henry Brickenkamp (photo) . His Executive Board colleague Stefan Weiß adds: “During the nine months in which we negotiated the transaction as exclusive partner, we were already able to demonstrate our reliability and develop the strategy for a successful succession.”
Eckhard Garbe added: “I am delighted to have found a new main shareholder in ADCURAM, which will continue to write our success story to date.”
ADCURAM is a privately owned industrial group. ADCURAM acquires companies with potential and develops them actively and sustainably. For the future growth of the Group, the capital-strong industrial holding company has a total of 300 million euros available for acquisitions. With the help of its own 40-strong team of experts, the industrial holding company continues to develop the portfolio companies strategically and operationally. Together, the group generates more than 400 million euros in sales with six holdings and over 2,500 employees worldwide.
ADCURAM sees itself as an entrepreneurial investor and invests in succession plans and corporate spin-offs.