Ufenau invests in refrigeration service provider R&M in Spain
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.