Bain Capital acquires Apleona from PAI Partners

With over 40,000 employees and a turnover of 4 billion euros, Apleona will continue its dynamic growth under the new owner of Bain Capital, both organically and through acquisitions.

The investment was made by a consortium led by Bain Capital's Private Equity team in Europe and will support Apleona's continued growth and development into Europe's leading integrated facility management group.

Under PAI's ownership, Apleona has grown significantly and reached 4 billion euros in revenue for the first time in 2024. Apleona is expanding our European platform and driving the digital transformation of our services, for example by investing in data and AI-based control systems for heating, ventilation and air conditioning (HVAC) systems and predictive maintenance of building technology. In support of this strategy, Apleona has acquired and successfully integrated 14 strategic acquisitions in Europe, including the transformational acquisition of Gegenbauer Group in 2023.

In the UK, Apleona acquired Combined Technical Solutions Ltd (CTS) in 2022 to further enhance and expand our project, planned and reactive hard services maintenance capabilities. In 2023, we acquired JCW Energy Services, significantly enhancing our mobile delivery capabilities.

Dr. Jochen Keysberg, CEO of Apleona said: 'Under Bain Capital's ownership, Apleona will remain an independent company, supporting its position as a leader in integrated facility management with advanced self-delivered technical and digital expertise and sustainable solutions for the decarbonisation of buildings. We would like to thank PAI for its strong support and partnership since 2021. We will continue to grow Apleona through acquisitions, expand our service offering and regional coverage in Europe, and leverage AI, digital solutions and automation for the benefit of our customers.'