Ufenau invests in refrigeration service provider R&M in Spain

Photo: Ralf Flore, Mana­ging Part­ner at Ufenau Capi­tal Partners
25. Janu­ary 2021

Pfäf­fi­kon (Switz­er­land) — Ufenau has made a first invest­ment in Spain and acqui­red a majo­rity stake in the company “Diseño y Manten­imi­ento de Plan­tas Frigo­rí­fi­cas” (“R&M”). R&M, previously known as APR, is a leading provi­der of inte­gral indus­trial refri­gera­tion solu­ti­ons based in Valencia.

With more than 70 employees at loca­ti­ons in Valen­cia and Madrid and sales of appro­xi­mately EUR 30 million, R&M has execu­ted some of the largest projects for the design, instal­la­tion and main­ten­ance of indus­trial cooling systems in Spain. The well-known custo­mers are mainly active in the growing food and logistics sector.

The company has become a refe­rence in both sectors thanks to its own very high tech­ni­cal quality stan­dards and strong focus on service quality. Even in times of pande­mic, these services are essen­tial and in high demand

The foun­ders and previous owners of R&M have taken a signi­fi­cant equity stake and conti­nue to manage the busi­ness. In addi­tion, toge­ther they will conti­nue to drive the growth of the new group through a combi­na­tion of orga­nic and inor­ga­nic growth initiatives.

Ricardo Mayor, foun­der of R&M, belie­ves that “Ufenau is the right part­ner for R&M’s deve­lo­p­ment, as it allows us not only to expand our presence in Spain, but also to incor­po­rate new busi­ness areas into the company. It brings toge­ther two teams with high tech­ni­cal and finan­cial skills with a clear objec­tive: to provide our custo­mers with high quality services with added value. Toge­ther, we are setting out to conso­li­date a leading indus­try group that will undoub­tedly bene­fit the entire natio­nal industry.”

Ralf Flore, mana­ging part­ner of Ufenau (photo), comments: “R&M has grown rapidly in recent years and has been able to work success­fully and on a recur­ring basis with blue chip custo­mers in an enor­mously deman­ding tech­ni­cal sector. The foun­ders have succee­ded in buil­ding a great team of highly quali­fied and moti­va­ted profes­sio­nals. We, and speci­fi­cally our two Spanish colleagues, Joaquín Alcalde and Igna­cio Goded, are plea­sed to support the entire R&M team in this new phase of growth and to contri­bute our exten­sive expe­ri­ence in value crea­tion stra­te­gies, which has enab­led us to success­fully execute more than 180 growth invest­ments in the DACH region. It is our first acqui­si­tion in Spain, reflec­ting our strong commit­ment to expand our reach and acti­vity in Spain as well, which has already star­ted in 2019.”

About Ufenau Capi­tal Partners

Ufenau Capi­tal Part­ners is a Swiss inves­tor group based on Lake Zurich. The company focu­ses on majo­rity share­hol­dings in service compa­nies in Switz­er­land, Germany and Austria that are active in the areas of Busi­ness Services, Educa­tion & Life­style, Health­Care and Finan­cial Services. With an exten­sive circle of renow­ned and expe­ri­en­ced indus­try part­ners (owners, CEOs, CFOs), Ufenau Capi­tal Part­ners pursues an active value-added invest­ment approach at eye level with entrepreneurs.

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