Adagia Partners has acquired AGN Niederberghaus und Partner GmbH, enhancing its investment portfolio in the German public building sector.

Target Information

Adagia Partners has officially signed an acquisition agreement for AGN Niederberghaus und Partner GmbH ("AGN"), a leading provider of general planning and project management services in Germany's public building sector. This acquisition, which occurs alongside AGN's management team and the Niederberghaus family, signifies the fifth investment from Adagia Partners’ €1.3 billion investment platform, further cementing its identity as a Franco-German investor in Germany, a core market for the firm.

Founded in 1952 and headquartered in Ibbenbüren, North-Rhine Westphalia, AGN offers a broad range of services including general planning, project management, and technical engineering across various public asset classes such as schools, hospitals, and specialized buildings like fire stations. Approximately 75% of AGN's revenue stems from public sector clients, and the company has built a strong reputation with over 1,000 completed public sector projects through its 16 locations nationwide.

Industry Overview

The public building sector in Germany presents a unique landscape characterized by increasing demand for infrastructure modernization. With a significant portion of the population reliant on public services, there is a substa