Serendipia Capital Partners acquires Commsal Estructuras Metálicas

Livingstone’s Industrial team has advised Commsal Estructuras Metálicas (Commsal) on its sale to Serendipia Capital Partners (Serendipia). This transaction places the Spanish manufacturer of metal structures under the financial support of an investor committed to the continuous growth of Commsal.

Founded in 1990 and headquartered in Benicarló (Spain), Commsal Estructuras Metálicas is a leading company in the steel and metal structures manufacturing sector in Spain and other international markets, especially in France. The founders of Commsal will continue to be involved in the day-to-day management during the transition phase.

Serendipia Capital Partners is a Valencia-based investment group specializing in investments in Spanish industrial and service-oriented SMEs. It is known for its focus on companies with solid balance sheets and clear potential for professionalization and growth.

Isaac Villalba, CEO at Serendipia, commented: “This acquisition is a new investment for Serendipia Capital Partners. Since we started our activity in mid-2022, we have been looking for and investing in companies with a similar profile, that have a long-term focus and teams that can help take the company to the next level. Commsal has modern facilities, a highly skilled workforce, and promising recent performance. Along with the support of Dionisio and José Ramón during this transition period, we are confident that the company will be able to continue the expected growth path in the coming years.”

Dionisio Carceller, 50% owner and CEO of Commsal stated: “After more than 30 years working in this company, we knew it was time to seek a partner to continue driving its growth while also providing relief to my partner, José Ramón, and myself. Serendipia has recognized the potential within Commsal, and we are delighted with the value proposition they have put forward for the company, having confidence in all the professionals who are part of Commsal to continue with the existing growth project.” He also thanked Livingstone Partners for their crucial role throughout the sales process, noting that, “Livingstone’s experience in managing these types of transactions has been fundamental throughout the entire process.”

Jorge Tuñí, partner at Livingstone, added: “It has been a pleasure working with Dionisio and José Ramón, alongside their team, on this transaction. They have built a solid and efficient business with a highly experienced team. We believe they have found in Serendipia the right strategic partner at the right moment, capable of driving the continuous growth of their company. We also highlight the professional and proactive attitude of the Serendipia team during the sales process. From Livingstone, we wish the best for both parties.”

This deal is another achievement for Livingstone Partners’ industrial team and the eleventh international transaction in this sector,  following the recent sale of Zumex to Columna Capital, the sale of Palets Suller to UFP Industries and the acquisition of Disptek Group by Micro Matic.