Levine Leichtman Capital Partners Takes Major Stake in ENTRO Service with Management Team
Levine Leichtman Capital Partners Takes Major Stake in ENTRO Service
Levine Leichtman Capital Partners (LLCP), an established international private equity firm, has recently made headlines by acquiring a majority stake in ENTRO Service GmbH. This strategic move involves a partnership with the company's founders, Claudio Tubach and Philipp Westphal, along with the existing management team. Though the specifics of the financial terms of the deal remain undisclosed, the implications for ENTRO appear promising.
Founded in 2022 by Tubach and Westphal along with NGC Nachfolgekapital, ENTRO specializes in testing, inspection, repair, and installation services related to entry systems, fire safety, and access control. The company has made a name for itself by offering a holistic and vendor-independent range of services that assists over 4,500 clients in compliance with increasingly rigorous operational safety regulations. Based in Hamburg, Germany, ENTRO operates through a national network of 16 sites and boasts a workforce of over 170 technicians, ensuring extensive coverage and rapid response times to meet client needs.
Philipp Westphal, the CEO and co-founder, expressed enthusiasm about the partnership with LLCP, emphasizing that this collaboration marks a significant step in ENTRO's growth journey. "We are delighted to join forces with LLCP as we take ENTRO further down the path of innovation and technical service excellence. Over recent years, we've established ourselves as a leading technical service provider, catering to a diverse B2B clientele. We are committed to expanding our service offerings while maintaining a strong focus on non-discretionary, recurring services in the areas of TICC, maintenance, and repair."
Claudiou Tubach echoed these sentiments, noting that the collaboration with LLCP will enable ENTRO to accelerate both organic and inorganic growth tactics. With LLCP’s backing, ENTRO’s ambitions are set to exceed regional borders, aspiring to establish itself as a leader across Europe.
Josh Kaufman, LLCP's Head of Europe, remarked on the competitive advantages present in ENTRO’s market segment, driven by strict regulatory trends that favor consolidation. Through LLCP's extensive experience in service-based investments, the aim is to provide favorable support to ENTRO's management team for further growth and enhancement of their service offerings.
Matthias Tabbert, LLCP's Head of the DACH region, also highlighted their commitment to fostering ENTRO's aspirations for further growth within and beyond Germany's geographical landscape. The LLCP team is expected to leverage its local presence and pan-European footprint to bolster ENTRO’s ambitious growth plans effectively.
As this strategic partnership takes shape, both founding members, Tubach and Westphal, will continue to lead ENTRO alongside the current executive team, which includes Sonja Foremny as CEO and Jan Ingo Buschmeyer as COO. Such continuity in leadership is crucial for sustaining the operational integrity and innovative spirit that ENTRO is recognized for.
Additionally, LLCP’s advisors, including Carlsquare, Fortlane, and Alvarez & Marsal, have played instrumental roles across various aspects of this transaction, ensuring a well-supported transition for ENTRO into this exciting new phase of its evolution.
About Levine Leichtman Capital Partners
Founded more than four decades ago, LLCP is a medium-sized private equity firm specializing in targeted sectors, including business services, franchising, education, and manufacturing. Its innovative