Triton portfolio companies IFCO and Kelvion honored as Best Managed Company
Frankfurt, Pullach, Herne (Germany), 2 June 2025 – Triton portfolio companies IFCO, a globally leading provider of reusable packaging solutions driving circular economy in the in the fresh grocery supply chain, and Kelvion, a leading global developer and manufacturer of heat exchange solutions, have been honoured with Germany’s Best Managed Company award 2025.
The Award is presented by Deloitte Private, UBS, Frankfurter Allgemeine Zeitung and the Federation of German Industries (BDI) and recognizes outstanding privately owned companies for excellence in strategy, innovation, governance, and financial performance.
Triton invested in IFCO alongside ADIA in 2019. The company was founded in 1992 and today operates a fully circular business model, providing smart, reusable and cost-efficient packaging solutions for retailers and producers across the world. Since Triton invested, IFCO has shown double-digit growth and doubled the company’s EBITDA, especially through driving the RPC penetration with existing customers and winning new retailers across relevant markets including the US. With a team of approximately 2,000 employees, the company supports global operations that, in 2024 alone, enabled 2.4 billion shipments. These helped customers reduce over 670,000 metric tons of CO₂e emissions and eliminate 1.3 million tons of solid waste – the annual equivalent produced by 2.73 million people.
Triton acquired Kelvion in 2014 as a unit of GEA Heat Exchangers and rebranded the business to Kelvion. Since Triton’s investment, the company made significant strides in driving operational excellence and built up a strong second leg away from Oil & Gas to offering innovative solutions for green and high-tech applications. Today, Kelvion stands out as a key enabler of progress in future-focused industries. The company’s commitment to supporting customers driven by secular megatrends such as the growth of artificial intelligence and the green energy transition positions Kelvion at the forefront of global industrial transformation.
Having two portfolio companies being honoured with the Best Managed Company Award underlines Triton’s expertise and long-standing investment experience in the Business Services and Industrial Tech sectors as well as a proven track-record in corporate carve-out situations.
About Triton
Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. Triton focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton has over 150 investment professionals and value creation experts across 11 offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.
