Palladium Equity Partners
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Palladium Equity Partners Agrees to Sell Trachte, LLC to nVent for $695 Million
Palladium Equity Partners, LLC, a middle market private equity firm, announced that it has signed a definitive agreement under which it will sell its majority interest in Trachte, LLC, a leading provider of highly engineered protection and control buildings with mission critical applications, to an affiliate of nVent Electric plc (NYSE: NVT) for $695 million.
Trachte’s products and services are a critical part of protecting essential controls, equipment, and infrastructure for electric utilities, data centers, and other commercial and industrial customers.
Palladium, which focuses on transforming family and founder-owned businesses, acquired its majority stake in Trachte in 2020.