Exclusive Financial Advisor to the Suter Group

On 29 September 2023, the two companies Suter Gruppe AG (Suter Group) and Heizkurier Group (Heizkurier) announced a transaction. The German company Heizkurier (owned by NH130 Beteiligungs GmbH) takes over the Swiss pellet pioneer Suter Group and positions itself as market leader for equipment-as-a-service of mobile heating solutions in the DACH region. Both companies distinguish themselves to customers through highest service quality and availability and enjoy a high demand. The combined group benefits from significant synergies from the innovative pellet technology of the Suter Group as well as the extensive market access of Heizkurier in the DACH region. This creates an ideal starting position to benefit from the megatrend towards energy renovation in the building sector (“bridging to green”). In addition, other relevant application areas exist in construction heating and drying, industrial heating, agriculture, emergencies and events. The existing management and the founders of the Suter Group participate in the merger.

Support by IFBC

IFBC supported the owners of the Suter Group, as exclusive financial and M&A advisor during the entire sales process. In particular, IFBC developed the transaction structure and accompanied the contract and purchase price negotiations. With its expanded product portfolio, the newly formed group can serve customers in an energy carrier-neutral and technology-open manner. This is a unique selling point in the mobile heat market environment.

About the Suter Group

The Suter Group, headquartered in Lupfig, Switzerland, is a family-owned company active in the business areas of mobile heaters and dehumidification. The company is considered a pioneer in the field of pellet technology and rents efficient and environmentally friendly hot air and hot water systems to its customers as a one-stop shop. Typical applications include construction heating, heating systems for renovation projects, heating of halls and tents, hay drying, temporary bridging solutions during district heating expansion, and screed drying. Suter has a total of 6 locations in Switzerland as well as a first branch in Munich for expansion into the German market. The Suter Group currently employs 60 people.

About Heizkurier

Since 2007, Heizkurier has established itself as a leading rental and sales provider of mobile heating and cooling solutions. With the acquisition of HDS Energielösungen GmbH, which specialises in refrigeration solutions, in 2018 and the Austrian company energy4rent GmbH in 2020, the company’s solution portfolio and regional coverage were successively expanded. To address the wholesale segment, the Energiebringer brand was also created in 2021. All Heizkurier units are “Made in Germany” and are manufactured on the basis of many years of experience and with the highest quality requirements. The offer is supplemented by services such as consulting, planning, delivery, technical emergency service and device return. The group of companies employs over 110 people at its headquarters in Wachtberg and its 13 service locations in Germany and Austria.

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