Norvestor has sold MontiPower to Bencis

MontiPower

MontiPower is a leading German developer and manufacturer of high-performance surface preparation technologies, specialized tools and consumable belt systems for professional industrial applications. The company is known for its patented bristle blasting solutions that enable efficient, environmentally friendly surface treatment without the need for traditional abrasive blasting media. With a globally diversified footprint and a strong presence in the United States, MontiPower serves a broad and recurring customer base through its international distributor network and own subsidiaries. Its solutions are used across a wide range of industries, including chemical processing, oil and gas, pipeline construction, energy infrastructure, shipbuilding and mobility. Headquartered in Hennef, Germany, MontiPower employs around 90 people across three operating sites in Germany, the U.S. and Singapore, complemented by 14 direct sales offices and distribution partnerships worldwide.

The Deal

Founded in 1987 and backed by Norvestor since 2019, MontiPower has evolved into a global leader in high-performance surface preparation technologies, renowned for its patented MBX® belts and Bristle Blaster® solutions. Built on German engineering quality and continuous innovation, the company offers a differentiated, consumables-driven business model and serves mission-critical applications across energy, marine, oil & gas, infrastructure and defense. Under the leadership of CEO Frits Doddema, MontiPower has significantly expanded its international footprint, strengthened its global organization and enhanced its product portfolio while investing in automation at its production site in Hennef, Germany.

As part of the transaction, Mr. Doddema and the senior leadership team will continue to lead MontiPower, ensuring continuity as the company enters its next phase of growth. The acquisition marks a strategic partnership with Bencis, a Benelux-based investment firm with a strong industrial track record. With complementary capabilities and a shared commitment to technology leadership and operational excellence, the partnership will focus on accelerating MontiPower’s internationalization, advancing product innovation and pursuing selective acquisitions.
MontiPower and Bencis are ideally positioned to build on the company’s strong momentum and further strengthen its position as the global reference in mechanical surface preparation and anti-corrosion solutions. Norvestor Partner Tor Erling Gunnerød emphasized that the transaction comes at an attractive stage in MontiPower’s development and provides a strong foundation for the next phase of sustainable, long-term growth.

The sale of MontiPower, a global leader in high-performance surface preparation tooling with a consumables-driven aftermarket model, further reinforces Lincoln International’s strong track record in advanced manufacturing and industrial technology. The transaction highlights our expertise in advising engineered tooling and precision equipment businesses with proprietary IP, recurring revenue profiles and international scalability. It also reflects the continued momentum of our tooling and specialty equipment practice, where we frequently support clients in complex cross-border private equity transactions and successor situations.

Our Perspective

Ulrich Desl, Managing Director at Lincoln International who led the transaction, commented, “By leveraging Lincoln’s global industrial network early in the process, we generated strong interest from private equity investors across Europe and North America with a clear focus on engineered products and aftermarket-driven business models. This transaction underscores our ability to deliver outstanding outcomes for our clients and highlights Lincoln’s leadership in the advanced manufacturing space.”

Norvestor

Norvestor Advisory is a leading private equity company focusing on middle market buyouts in the Nordic region. The team has worked together since 1991, making it one of the most experienced private equity teams in the Nordics, having executed 98 investments with 600+ add-on acquisitions, in addition to executing 66 exits, including 16 IPOs. The Norvestor Funds seek to invest in growing companies in the Nordic middle market that have the potential to achieve a leading Nordic or international position, typically through organic growth, acquisitions across fragmented industries or by geographic expansion.

Bencis

Bencis is an independent investment company with offices in the Netherlands, Germany and Belgium that supports business owners and management teams in achieving their growth ambitions. Managing six funds totaling €2.2 billion, Bencis has invested in more than 80 companies and completed more than 330 follow-on acquisitions since 1999.

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