Palladium equity partners agrees to sell trachte, llc to nvent for $695 million

New york and oregon, wis. , june 6, 2024 /prnewswire/ -- palladium equity partners, llc (along with its affiliates, "palladium"), a middle market private equity firm, announced today that it has signed a definitive agreement under which it will sell its majority interest in trachte, llc ("trachte"), a leading provider of highly engineered protection and control buildings with mission critical applications, to an affiliate of nvent electric plc (nyse: nvt) ("nvent") for $695 million.
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