Agilitas funds sign an agreement to sell Integris Composites to Triton
Agilitas Private Equity LLP (“Agilitas”), the pan-European mid-market private equity firm, is pleased to announce that Agilitas funds have signed agreements to sell, subject to certain regulatory approvals and other customary requirements, Integris Composites (“Integris” or “the Company”) to Triton Partners (“Triton”).
Integris is a global provider of bespoke, high-performance, lightweight survivability composite products which protect people working in hostile environments. The Company’s portfolio of highly engineered products is used across land vehicles, aircraft, and naval vessels and is mission-critical to end-user safety. Integris is among the few vertically integrated specialists of its kind with in-house design, production, testing, and lifecycle management capabilities.
Integris is headquartered in Amsterdam, the Netherlands, with production facilities in the United States (US), France, and Denmark and offices covering sales in more than 50 countries.
Agilitas initially backed the buyout of Integris from Royal TenCate in March 2021. Since then, Agilitas has worked closely with management to establish Integris as a standalone business under a new brand and reinforce its unique position as a transatlantic independent provider in the highly regulated survivability solutions industry.
Under Agilitas’s stewardship, the Company expanded its product range, winning major multi-year programmes worldwide from existing and new strategic customers. Integris accelerated its international expansion by scaling US operations and growing its APAC presence, entering new markets to solidify its global reach while building a highly capable global workforce. Agilitas also supported the establishment of a global R&D function, strengthening engineering expertise to accelerate innovation in new programmes. In parallel, the Company upgraded control systems and enhanced production processes, including through targeted insourcing initiatives, to continue delivering outstanding product quality and proprietary simulation, testing, and engineering capabilities.
Agilitas’s Tor Midsem, member of the Integris board, said: “We are proud to have supported Integris’s management team through a buyout and the transformation of the business into a market leader with strong intellectual property underpinned by cutting-edge R&D, design, engineering, and testing capabilities. We wish Integris all the best for the future.”
Andrew Bonham, CEO of Integris, commented: “We want to thank Agilitas for their support and expertise in this a fantastic journey built on a strong cooperation between Agilitas, the Board and ~370 amazing Integris employees across the globe. We are excited to begin the next step in our journey with Triton and to continue delivering best-in-class survivability solutions for our customers.”
Martin Calderbank, Managing Partner at Agilitas, highlighted that: “Integris’s products save lives. Under Agilitas’s stewardship, Integris strengthened its ability to protect people and critical assets, helping its customers to better manage safety challenges.”
Click here for the Press Release on Triton
Click here for the Press Release on Agilitas
Agilitas Private Equity LLP
Agilitas is a pan-European, mid-market private equity firm. The firm invests in high-quality, defensible businesses with opportunities for significant step changes, creating long term value through business transformation. Agilitas has a patient, sector-focused approach to investing and a strong track-record of dramatically transforming and growing companies. Agilitas is highly selective, targeting businesses that serve human and planetary needs.
Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary strategies: Mid-Market Private Equity (TMM), Lower Mid-Market Private Equity (TSM), and Opportunistic Credit (TDO).