Livingstone is pleased to announce the sale of Tommy Nordbergh Åkeri (“TNÅ”), a market leading supplier of temperature controlled transports to the food industry, to Sweden private equity firm Accent Equity, who acquired a majority share of the company. TNÅ’s net sales in 2015 were approximately SEK 500 million.
TNÅ has offered efficient and flexible transport solutions for temperature controlled goods on the Swedish market for more than 50 years. Today, it is a market leading and independent supplier of temperature controlled transports to Swedish food retailers and producers. TNÅ’s truck fleet exclusively runs on renewable bio fuel.
The investment fund Accent Equity 2012 will acquire a majority share of Tommy Nordbergh Åkeri (TNÅ) from Nordbergh Holding. The transaction makes TNÅ an independent entity in the Accent Equity 2012 fund. Stefan Nordbergh, COO, management and the board will retain an ownership also going forward.
“In recent years, we’ve had strong growth and created a solid foundation to build on. Accent is a partner with longstanding experience of developing companies and we look forward to developing TNÅ’s customer offering and strengthening our market position further,” says Jonas Råstedt, CEO of TNÅ.
“With its strong market position and unparalleled quality awareness, TNÅ is well positioned for further growth with new and existing customers. TNÅ’s management team has solid competence and extensive experience in building long term customer relations. We are very much looking forward to continuing to develop the company with the management team in the coming years,” says Niklas Sloutski, CEO of Accent Equity Partners.
“The investor interest for TNÅ has been large, much thanks to the company’s market leading position in its sector and dedication to quality and sustainability. We have carefully evaluated TNÅ’s criteria for a growth partner and are convinced that can Accent live up to them. Together, they have excellent conditions for developing TNÅ,” says Kenneth Westlund, Partner at Livingstone.