maconda supports the founding of the SI.TEQ corporate group with the two independent partners Siccum and Santeq, regionally leading restoration specialists for water, fire, and mold damage
maconda News October 2022
The Cologne consulting boutique maconda supports Siccum and Santeq in pooling their strengths and founding the new SI.TEQ corporate group with a comprehensive Commercial Review. In the process, maconda’s consultants, who are highly experienced in damage restoration, evaluated the group’s business model and future prospects in the regionally oriented market.
As early as 2018, maconda prepared a Commercial Due Diligence on behalf of the mid-market investor Rigeto Unternehmerkapital for SICCUM, a leading damage restoration specialist for water, fire, and mold damage in Northern Germany. The number of SICCUM Group locations was expanded from 6 to 10 following the investment. To further drive the growth plan successfully, Siccum is now pooling its strengths with Santeq from near Nuremberg. The newly formed SI.TEQ corporate group, with its two independent partners, is growing to a workforce of nearly 150 employees.
As part of a Commercial Review, the maconda team analyzed the demand for damage restoration, the range of services, and the future business development of Santeq, and highlighted synergies. In addition, growth areas were analyzed and associated measures derived.
The German market for the restoration of building damage has grown dynamically in recent years, driven by a wide variety of factors. The aging building stock, particularly in Western Germany, is especially vulnerable to water and pipe damage. In addition, more frequent severe weather events such as flooding, fires, and earthquakes result in more damage and higher damage volumes.
Reliable data was scarce due to the unpredictability of particularly severe weather events, such as the flood disaster in North Rhine-Westphalia and Rhineland-Palatinate in mid-2021, making the creation of a reliable market forecast challenging. maconda’s consultants, who are highly experienced in the industry, relied on a combination of exploratory interviews and quantitative data to estimate the size and development of the individual segments—water damage, fire damage, etc. Structured expert interviews with trade associations, insurance companies, research institutes, and weather experts helped maconda identify important decision criteria, trends, and operational opportunities.
About SI.TEQ
Siccum Trocknungs GmbH, majority-owned by an investor group advised by Rigeto Unternehmerkapital GmbH, and Santeq GmbH are pooling their strengths in the new SI.TEQ corporate group and establishing a long-term partnership. With Siccum and Santeq, SI.TEQ represents two independent full-service fire and water damage restoration providers with supra-regional coverage in Northern and Southern Germany. Both partners offer a broad service portfolio with a focus on customer service, quality, and speed of response.
Santeq Trocknungs GmbH, which has now been included in the group, was founded in 2016. The company specializes in medium to large-scale water and fire damage and has built up particular expertise in leak detection. With its various locations, Santeq is able to support customers supra-regionally and professionally manage the entire process as a full-service restoration provider. This makes the company a reliable partner for large insurance companies, housing management companies, and other private and commercial clients.
maconda further expands expertise in the construction industry and in personnel-intensive services
In recent years, the maconda team has dealt intensively with various segments of the construction industry as well as complex, often highly personnel-intensive services. In the field of damage restoration in particular, maconda has been able to expand its expertise through several successful projects in recent years. maconda was involved in almost all relevant transactions involving financial investors. Furthermore, the team has comprehensive expertise in numerous business-related service fields and is one of the most active transaction advisors in this area.
Intensive industry experience: Construction industry | Restoration of water and fire damage | Technical trades in many sectors | Products for passive structural fire protection | Clearance and removal of unexploded ordnance | Fire protection technology | Electrotechnical products | Lighting technology | Building materials | Pipe systems | Facility management | Building cleaning | Services in highly regulated markets | Real estate management | Business-related services | Temporary staffing | Engineering services | Niche markets of various kinds