For What Truly Counts


Company Sale

Proventis Partners advised Rigeto

Munich, August 2, 2023 – Proventis Partners has advised the shareholders on the sale of SI.TEQ Group to ARTUS Bautrocknung- und Sanierungsgruppe.

The Transaction

The shareholders of the SI.TEQ group of companies (“SI.TEQ”) have signed an agreement on the sale of the shares of SI.TEQ to ARTUS Bautrocknung- und Sanierungsgruppe (“ARTUS”). The transaction is subject to the approval of the German Federal Cartel Office.

SI.TEQ is a supraregional property damage restoration (“PDR”) provider focused on the restoration of water, fire and mold damages in buildings, which was formed by the founder of SICCUM Trocknungs GmbH (“SICCUM”), Marcel Kincses, together with Rigeto Unternehmerkapital (“Rigeto”). As general contractors, all partner companies stand for first-class quality, best service and highest reliability.

In addition to SICCUM, which is based in Rostock, SI.TEQ also encompasses Santeq GmbH (“Santeq”) from Nuremberg and Pfister Trocknungs-Service GmbH (“Pfister”) from Würzburg. In total, ARTUS is growing by a further thirteen locations and 140 employees, most of whom work in the regions of Northeast Germany and Bavaria.

In addition to the operational specialists in fire, water and mold damage restoration, HR and finance experts from SI.TEQ will support the specialist departments of ARTUS in the future.

“With SICCUM, Santeq and Pfister, we bring a lot of competence and restructuring experience to ARTUS. The development of the companies and that of many colleagues fills me with pride. Now to take the next step in the development together is on one hand a challenge, but on the other hand a great opportunity to take our service and quality to the next level,” expressed Marcel Kincses, Managing Director of SI.TEQ.

“SI.TEQ strengthens us especially in the Northeast and Bavaria. These are strategic regions for us, where we did not have the manpower and density of branches before. I am happy to welcome the new colleagues at ARTUS and hope to meet as many as possible in person soon,” adds Josef Bölle, CEO of ARTUS.

The Role of Proventis Partners

Proventis Partners supported the shareholders and management of SI.TEQ throughout the entire M&A process. Services included the preparation of all transaction documentation, the identification and approach of suitable investors, the coordination of due diligence and the commercial negotiation of the transaction. The Proventis Partners transaction team: Ulrich Schneider (Partner), Leon Holtmann (Associate) and Andre Tasch (Analyst).

About SI.TEQ

The origin of SI.TEQ is SICCUM, a specialist in the restoration of fire and water damage in Mecklenburg-Vorpommern, which was founded in 2005 by Marcel Kincses and Frank Jütting. A group of investors advised by Rigeto acquired a majority stake in SICCUM in 2018.

Together with founder and managing shareholder Marcel Kincses, a leading supraregional PDR provider was formed through organic growth, the establishment of new locations and the acquisition of Santeq and Pfister. Over the past five years, the number of employees in the SI.TEQ Group has grown from 30 to over 140.

About Rigeto

Rigeto directly invests private assets of entrepreneurs and entrepreneurial families in medium-sized companies for long-term value enhancement.

The focus of the investment activities is on established medium-sized companies with growth potential from the DACH region that have a viable business model and are operating profitably. For companies in these situations, Rigeto is a strong and reliable partner in phases of dynamic growth. In addition to the necessary capital, Rigeto also brings great experience in scaling and further developing medium-sized companies.

About ARTUS and Castik

ARTUS is a leading German PDR provider offering complete end-to-end solutions for the entire restoration process of damages caused by fire, water and natural hazards.

The company provides its customers a broad range of synergistic PDR and adjacent services including leakage detection, water damage drying, fire damage restoration, disinfection, purification, thermography and construction heating and drying. The company has strong capabilities across all types and sizes of property damages and is one of few companies in Germany able to handle large and complex damages.

Headquartered in Isernhagen, Germany, the company operates across 61 locations in Germany and has a broad network of partners, in particular in the restoration space. With over 1,350 highly-experienced employees, ARTUS enjoys strong and long-standing relationships with its key customers, which include global insurance companies and renowned property managers, who value artus’ high quality standards, fast response times and reliability.

Castik Capital S.à r.l. (“Castik Capital”) manages investments in private equity. Castik Capital is a European Private Equity firm, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. In 2022, funds managed by Castik Capital acquired a majority stake in ARTUS.

About Proventis Partners

Proventis Partners is a partner-managed M&A consultancy whose clients primarily include medium-sized family businesses, group subsidiaries and private equity funds. With over 40 M&A advisors, Proventis Partners is one of the largest independent M&A consultancies in the German-speaking region and can look back on more than 20 years of M&A experience and over 300 completed transactions.

The M&A advisors, with offices in Duesseldorf, Hamburg, Munich and Zurich, are active in six sectors: Chemicals & Materials, TMT, Consumer Goods, Food & Retail, Healthcare, Industry and Business Services. The exclusive membership in the Mergers Alliance – an international partnership of leading M&A specialists – enables Proventis Partners to support clients in 30 countries in the most important markets worldwide. The members of the Mergers Alliance with their more than 250 M&A professionals offer Proventis Partners and thus its clients unique access to local markets in Europe, North America, Latin America, Asia and Africa.