Transaction

Clearwater advises SA-AL Køleteknik on its sale to Nordic Climate Group

Transaction

SA-AL Køleteknik sold to Nordic Climate Group a portfolio company of Altor Equity Partners

Sell-side

Undisclosed

Role

Adviser to SA-AL Køleteknik on its sale to Nordic Climate Group

Sector

Business Services

Region

Denmark

Clearwater advises SA-AL Køleteknik, a leading refrigeration solutions provider, on its sale to Nordic Climate Group, a portfolio company of private equity group Altor Equity Partners.

SA-AL Køleteknik is a prominent independent Danish provider of commercial and industrial refrigeration solutions. The company offers in-house engineered energy-efficient solutions to a range of the world’s most energy-efficient supermarkets, contributing to the reduction of energy consumption in the staple goods sector.

Established in 1994, SA-AL Køleteknik currently employs 54 individuals across Aarhus, Aalborg, and Kolding in Denmark. Originally focused on refrigeration solutions, the company has evolved into a complete service provider, with a strong and highly loyal customer base within the supermarket segment, securing ongoing revenue from the most significant supermarket groups in Denmark.

Nordic Climate Group is a Swedish provider of refrigeration solutions to various industries, with a focus on minimising climate footprint and maximising energy effectiveness. The group is an international entrepreneurial private equity group, focusing on investments with worldwide impact.

This new partnership will allow SA-AL Køleteknik to expand its services to new geographic markets and service landscapes, leveraging their market position within impactful refrigeration solutions.

SA AL Koleteknik equipment

It is a significant decision to sell a company that you have built up from scratch. It is crucial to have a team with you that can manage this complex and unknown process. Indeed, we realised this in the process and felt in good hands with the Clearwater team. Apart from the technical and competitive sharpness, the team put a spotlight on the unique elements that make our business so special. This secured us the perfect match. It was crucial for us that we could see ourselves continue, and now together with Nordic Climate Group, that will strengthen the business and our overall goals to disseminate energy-effective solutions of the future, ultimately supporting the green transition.

Rune Høyer, CEO and Co-owner, SA-AL Køleteknik
SA AL Koleteknik equipment

SA-AL Køleteknik is Denmark’s leading supplier of refrigeration solutions to the stable goods sector – and hence has a crucial part in optimising energy consumption and the green transition in general. As advisers, we see a high degree of buyer interest in companies that contribute to the green transition through technological solutions and energy optimisation, and SA-AL Køleteknik is a great example. We congratulate Rune Høyer and Jesper Katholm on the sale and thank them for their brilliant cooperation during the process. We look forward to following their journey with Nordic Climate Group going forward.

Lars Rau Jacobsen, Partner, Clearwater

Advisers

Transactions