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Livingstone’s Industrial sector team works on international industrial transaction Livingstone, an international mid-market M&A and debt advisory firm, is pleased to announce the sale of Kesseldampf GmbH (‐Kesseldampf‐) to a-h-e- Entsorgungs-GmbH (‐a-h-e‐). Terms of the transaction were not disclosed. Kesseldampf is a medium-sized company based in Gelsenkirchen, Germany, specializing in industrial service, infrastructure maintenance, sewage engineering, and hazardous waste disposal. Under the leadership of founders and managing directors Frank Siering and Jürgen Zahajsšky, Kesseldampf has developed into a reliable, certified, and fully integrated service provider for long-standing corporate customers in the industrial and municipality sectors over the past 25 years. As part of a succession plan, the shareholders searched for a strong partner to secure the company’s future development and growth. With a-h-e, the ideal partner was found. Messrs. Siering and Zahajsšky will continue to support the integration into a-h-e as managing directors and remain associated with the company in the long term. a-h-e is a well-established company in the field of circular economy and waste disposal, operating in the Ennepe-Ruhr district and the Hagen region of Germany. In 2018, AVU Aktiengesellschaft für Versorgungsunternehmen, Gevelsberg, and Enervie – Südwestfalen Energie und Wasser AG, Hagen, acquired a majority stake in a-h-e. Through the acquisition of Kesseldampf, a-h-e is significantly expanding its range of services in industrial and sewer services and entering the Ruhr area. ‘’For my partner and me, it was crucial to find a partner who could offer Kesseldampf, with its 50 employees, a sustainably good perspective and, at the same time, strengthen our market presence. With a-h-e and its shareholders, we have found our partner of choice,’’ said Frank Siering, Founder ★ Managing Director of Kesseldampf. ‘’Livingstone prepared the transaction extremely well, guided us through the M★A process with high professional competence, and found the ideal partner. We want to thank the entire Livingstone team for their excellent work.’’ ‘’We are delighted to have found the ideal strategic partner for Kesseldampf in a-h-e. Due to its long-standing customer relationships and high-quality services, Kesseldampf represents a valuable addition for a-h-e and offers a range of synergies. At the same time, the transaction demonstrates our deep sector expertise in environmental and industrial services,’’ added Dr. Ralf Gromann, Partner at Livingstone. Kesseldampf represents another successful transaction for Livingstone in the environmental and industrial services sector, following the sale of Eicker to Veolia, Stucki to Remondis and H&R Oil Factory to PURAGLOBE.
