Andlinger & Company

Andlinger & Company is a private investment and management firm founded in 1976 by Gerhard Andlinger, with headquarters in Tarrytown, New York, and additional offices in Austria and Belgium. The firm focuses on financing companies and technologies that have a positive impact on the global environment. It primarily targets industrial and technology sectors, providing operational and management support when necessary. As active board members, Andlinger & Company collaborates constructively with management teams to facilitate growth. The firm assists businesses in expanding from local or regional producers to national and international players by establishing agent and distributor networks, as well as pursuing add-on acquisitions.

Gerd Altmutter

Partner

Merrick G. Andlinger

President

Gerhard Andlinger

Chairman and Founder

Charles Ball

Managing Director

Olivier Bru

Partner

Mark F. Callaghan

Managing Director

George Doomany

Managing Director

Hans Kaltenbrunner

Partner

Hermann Lutzenberger

Partner

Stephen Magida

Managing Director

Ivar W. Mitchell

Managing Director

Richard Newman

Managing Director

Alain Pronost

Partner

Ernst Reichmayr

Partner

Helene Reichmayr

Partner

Jin Shen

Partner

Ranier Ullmann

Partner

Gerhard Unterganschnigg

Partner

Johan Volckaerts

Managing Partner

13 past transactions

ETI Elektroelement

Acquisition in 2016
ETI Elektroelement d.d. specializes in providing a wide range of electrical products and services. The company's offerings include fuses, modular protection devices, power protection devices, distribution boards, and free-standing cable distribution cabinets. Additionally, it supplies metal enclosures, commanding and signaling devices, lamp-holders, glow starters for fluorescent lamps, busbar systems, polymeric surge arresters, tools, and technical ceramics. Beyond product sales, ETI Elektroelement also delivers engineering, consulting, design, and construction services, focusing on solutions for photovoltaic systems and battery storage system protection. Established in 1950 and headquartered in Izlake, Slovenia, the company maintains a branch office in Moscow and has subsidiaries across several countries in Central and Eastern Europe, including Slovakia, Bosnia and Herzegovina, Germany, Serbia, Lithuania, Hungary, Ukraine, Croatia, and Romania.

Steward Holding LLC

Acquisition in 2015
Steward Holding LLC, operating as Steward Advanced Materials, specializes in the manufacturing of soft magnetic materials and alloys for various sectors including automotive, alternative energy, electronics, and defense. The company produces a range of products such as ferrite loading powders, carbonyl iron powders, sendust powders, stainless steel alloys, nickel and silicon alloys, technical ceramics, and carbon-based materials. These materials are utilized in applications such as compounding for elastomers and thermoplastics, electromagnetic noise absorption in electronic devices, and radio frequency absorption. In addition to standard products, Steward Advanced Materials offers custom materials and engineering services tailored to meet specific manufacturing needs. Founded in 2002 and headquartered in Chattanooga, Tennessee, the company emphasizes a disciplined approach to development, ensuring high-quality and cost-effective solutions for its clients in global markets.

Solvis

Acquisition in 2015
Solvis GmbH, founded in 1988 and based in Brunswick, Germany, specializes in the manufacture of solar heating systems and hybrid heating solutions. The company offers a range of products including solar collectors, brine/water heat pumps, air/water heat pumps, and pellet heating systems, along with a web-based remote control solution. These products are designed for various applications, including multi-family houses, hotels, sports facilities, and care facilities. Solvis focuses on providing energy-efficient and resource-saving solutions that utilize renewable energy sources, catering primarily to the European market.

Crown Van Gelder

Acquisition in 2015
Crown Van Gelder is a versatile medium-sized paper mill, based in The Netherlands. We make specialty paper for graphical and industrial applications. Our wood-free uncoated and single coated papers are performing daily at customers around the world. Our papers enable optimal performance in different applications. We deliver high-speed inkjet paper for transactional, publishing and promotional print as well as paper for self-adhesive labelling and specific uses in packaging and technical applications.

Derby Games

Series A in 2015
Derby Games (Derby.com) is a leading real money gaming (RMG) platform that makes it easy for players from around the country to place bets and win. By turning gambling into an online social game, anyone can participate. Derby Games is driven by the mission to create the largest community of real money gamers in the U.S. Derby Games is a pari-mutuel Advanced Deposit Wagering (ADW) service, providing legal, secure and user-friendly online account wagering, powered by Xpressbet, through Xpressbet's fully licensed Multi-Jurisdictional Account Wagering Hub in the State of Oregon. DerbyJackpot offers hundreds of races nearly every day of the year, with bets starting at ten cents for possible winnings of $10,000 or more. Adults over the age of 18 years old (21 in certain states) can legally play Derby Games in 37 states in the United States.

Clesse Industries

Acquisition in 2015
Clesse Industries SAS specializes in designing, manufacturing, and supplying equipment for various gas installations, including butane-propane LP gas, natural gas, biogas, and synthetic natural gas. The company offers a comprehensive range of products, such as low and high pressure regulators, automatic changeovers, governors, and safety devices, along with accessories like filters, pressure gauges, hoses, and gas leak detectors. Clesse Industries also provides technical services, including product selection assistance, technical documentation, and cost evaluations for transport options. Additionally, through its subsidiary, the company distributes and installs LPG products and cooking equipment in the United Kingdom, Ireland, and parts of Continental Europe. Serving a diverse clientele, including gas installers, distributors, and industrial users, Clesse Industries operates technical and logistics centers in France, Italy, the United Kingdom, Brazil, and China. Established in 1993, the company is headquartered in Cournon d'Auvergne, France.

Coating Plasma Innovation

Acquisition in 2015
Coating Plasma Innovation specializes in advanced surface treatment using cold plasma technology, both at atmospheric pressure and in vacuum conditions. Based in Peynier, France, the company processes 2D materials through roll-to-roll applications and treats 3D materials using cold vacuum plasma. Its innovative treatments enhance various properties of products, including hydrophilicity, hydrophobicity, mechanical strength, friction reduction, and corrosion resistance. Coating Plasma Innovation caters to a diverse range of industries, including jewelry, aviation, agribusiness, petrochemicals, automotive, medical, energy, cosmetics, and sports. Established in 2003, the company is noted for its capability to provide comprehensive roll-to-roll turnkey atmospheric plasma solutions, either as standalone equipment or integrated into clients' production lines.

Eska

Acquisition in 2013
Eska B.V. specializes in manufacturing board solutions for various markets, including stationery, books, puzzles, board games, and luxury packaging. Established in 1993 and based in Sappemeer, the Netherlands, the company operates internationally with additional sites in England, Spain, Italy, Singapore, and the United States. With a legacy of 140 years in the solid board industry, Eska has developed extensive expertise to deliver tailored products that meet market demands. The company emphasizes sustainability in its production processes, aiming to inspire creativity while ensuring durability in its offerings. Eska is recognized as a reliable partner for numerous brands worldwide, contributing to the creation of identity materials that enhance consumer experiences.

Alltec

Private Equity Round in 2013
Alltec Corporation is a manufacturer specializing in lightning protection, grounding systems, and surge suppression technology. Founded in 1991 and headquartered in Canton, North Carolina, the company offers a range of products designed to safeguard structures from lightning strikes and electrical hazards. Its offerings include charge dissipation terminals, early streamer emission terminals, structural lightning protection components, and Lightning Strike Counter devices. Alltec also provides an electrolytic grounding system, ground enhancement materials, and exothermic welding systems. In addition to product manufacturing, the company delivers services such as solution assessment engineering, installation, site inspections, and soil resistivity testing. Alltec serves various sectors, including disaster relief, telecommunications, military, and utilities, aiming to address complex challenges related to lightning and electrical transients globally.

Derby Games

Seed Round in 2013
Derby Games (Derby.com) is a leading real money gaming (RMG) platform that makes it easy for players from around the country to place bets and win. By turning gambling into an online social game, anyone can participate. Derby Games is driven by the mission to create the largest community of real money gamers in the U.S. Derby Games is a pari-mutuel Advanced Deposit Wagering (ADW) service, providing legal, secure and user-friendly online account wagering, powered by Xpressbet, through Xpressbet's fully licensed Multi-Jurisdictional Account Wagering Hub in the State of Oregon. DerbyJackpot offers hundreds of races nearly every day of the year, with bets starting at ten cents for possible winnings of $10,000 or more. Adults over the age of 18 years old (21 in certain states) can legally play Derby Games in 37 states in the United States.

Suspa

Acquisition in 2012
Suspa GmbH is a manufacturer based in Altdorf, Germany, specializing in gas springs, dampers, and adjustment systems. Founded in 1951, the company offers a diverse range of products including hydraulic and dynamic dampings, locking systems with touchlift, and various gas springs for automotive, furniture, and electrical applications. Additionally, Suspa produces locking gas springs featuring rigid and elastic locking mechanisms, as well as dampers for applications such as shock absorption in vehicles and household appliances. The company also develops height adjustment systems for office desks and industrial workplaces, automotive adjustment systems for seat and convertible top mechanisms, and crash management products aimed at enhancing vehicle and occupant safety. Suspa's products cater to multiple sectors, including automotive, furniture, industrial equipment, and medical applications, with a global presence spanning Africa, the Asia Pacific, Europe, and the Americas.

Seitz

Acquisition in 2011
Seitz LLC designs and manufactures engineered thermoplastic products for customers around the world. It offers tooling systems, plastic gears, gearboxes, gear trains, and custom molded components; motorization products for the window fashion industry; and paper feed tractors for the business equipment market. The company also provides engineering services and injection molding services. In addition, it offers product and tooling design engineering, sourcing and supply chain management, and contract manufacturing services. The company was founded in 1949 and is based in Torrington, Connecticut with a technical services center in Changzhou, China.

YXLON International

Acquisition in 2005
YXLON International is the leading provider of X-ray inspection equipment for industrial applications. Whether operated manually, semi-automatically or on a fully automatic scale, they have the right solution to match nearly every application. For us, the highest priority is placed on quality: the quality of their inspection systems and, as a result, the quality of your products. Their years of experience and the pleasure they take in innovation have enabled us to gain the confidence and trust of the most renowned manufacturers in the automotive industry, aviation and aerospace, shipbuilding and vessel construction, electronics and other industrial sectors.
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