nVent
Assembly Line
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.
nVent Acquires TEXA Industries
nVent Electric plc (NYSE: NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it has acquired TEXA Industries, which will operate within its Enclosures business segment. The acquisition of TEXA Industries and its highly complementary portfolio strengthens nVent’s position as a global systems provider. TEXA Industries provides advanced cooling technologies with innovative industrial air conditioners and chillers to help customers better solve for increasing heat loads when designing systems.