Adagia Partners is pleased to announce the signing of the acquisition of the AGN Niederberghaus und Partner GmbH (“AGN”) alongside its Management team and Niederberghaus family, the leading general planning provider with project management capabilities for the public building sectorin Germany.
This acquisition marks the fifth investment from Adagia Partners’ €1.3 billion investment platform and further strengthens its position as Franco-German Investor in its core market Germany.
Founded in 1952 with headquarters in Ibbenbüren, North-Rhine Westphalia, AGN delivers acomprehensive range of services including general planning, project management, and technicalbuilding equipment engineering over specific asset classes (schools, hospitals, special purposebuildings such as fire stations, etc). The company primarily serves public clients (c.75% of sales). With16 locations nationwide and a track record of over 1,000 public sector projects, AGN has established itself as a trusted partner for complex building projects and revitalization programs.
Over the last 7 years, with the support of Armira, AGN has strengthened its position as one of the leading general planning and project management firms through organic growth and selected M&A toexpand its technical capabilities and geographical coverage.
AGN and its Management team aim to continue now that successful journey with the support of Adagia Partners to further strengthen its strategic position as a trusted partner to the public market with Germany wide coverage, actively participate to the consolidation of a very fragmented market and extend further its state-of-the art capabilities regarding use of technology.
Closing of the transaction is expected for Q3 2025. The terms of the transaction are not disclosed.
“We thank Armira for their support and good collaboration in the past years and are pleased to continue further on our journey with Adagia to support us with its expertise in technology and growingbusiness internationally.” – Christian Witzger – Managing Partner of AGN Group
“AGN is a true “Hidden Champion” of the German Mittelstand and we are pleased to step in and support the further development alongside the Partnership to exploit the consolidation and support Germany’s taken route on modernization of public infrastructure.” – Johannes Bayer – Head of DACH and Partner of Adagia Partners
“AGN is a superb company and at the heart of Adagia investment strategy to back talented entrepreneurs in their journey to create market leaders. Adagia is proud to support AGN partnershipand employees in their next phase of development. Together, we intend to pursue the strong organic development of the company, participate actively in the consolidation of the market and enhance theuse of technology where AGN is already a good step forward.” – Nicolas Holzman – Co-Founder and Managing Partner of Adagia Partners
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About AGN
Founded in 1952 as an architectural practice, AGN is now a corporate group with several offices spread across Germany. AGN provides clients from the public and private sectors with on-site services, a broad palette of individual services and the comprehensive skills of a true general planner.
More information on: https://www.agn.de/english
About Armira
Armira is a Munich-based investment holding focused on direct equity investments in medium-sized,profitable family businesses as well as resilient growth companies in the DACH region, Northern Italyand beyond. Backed by an exclusive investor base of entrepreneurs and families, Armira offers capital and strategic support with a long-term perspective.
More information on: https://www.armira.de/en/
About Adagia Partners
Adagia Partners is a leading European mid-market private equity firm with offices in Paris andFrankfurt. The firm invests in Midcap companies focusing on France, Germany, Switzerland, Austria and the Benelux region. The team is composed of professionals with a mix of investing and operational background.
Adagia Partners has an industry specialist approach and focusses on three core investment sectors –Business Services, Healthcare, and Tech Industries. The partners of Adagia Partners have a long track record of backing entrepreneurs in the implementation of their growth strategies, build-up,international expansion and Tech-Digital transformation.
More information on: https://www.adagiapartners.com/
