Ulrich Schneider
Proventis Partners
SI.TEQ Group
Deal Type
Company sale
Sector
Business Services
Completion Date
28th July 2023
Deal Value
Not disclosed
Company Background
SI.TEQ Group is a multi-regaional property damage restoration (“PDR”) provider focused on the restoration of water, fire and mold damages in buildings, which was formed by the founder of SICCUM Trocknungs GmbH (“SICCUM”), Marcel Kincses, together with Rigeto Unternehmerkapital. In addition to SICCUM, which is based in Rostock, SI.TEQ also encompasses Santeq GmbH (“Santeq”) from Nuremberg and Pfister Trocknungs-Service GmbH (“Pfister”) from Würzburg. In total. SI.TEQ is operates thirteen locations and has 140 employees, most of whom work in the regions of Northeast Germany and Bavaria.
Deal Summary
Proventis Partners supported the shareholders and management of SI.TEQ throughout the entire M&A process. Services included the preparation of all transaction documentation, the identification and approach of suitable investors, the coordination of due diligence and the commer-cial negotiation of the transaction.
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