The Specialist Group (“TSG”), a leading provider of technical engineering specialists for attractive, structurally growing end markets such as power, chemicals, infrastructure, renewables and life sciences, today announced that its flagship label STAR has agreed to acquire Stadlmann Tec (“Stadlmann”), a leading provider of technical specialists in the automotive, energy and life sciences industries across Austria and Germany. Financial terms were not disclosed.
The partnership will leverage the combined expertise in renewable energy, carbon emission reduction, and e-mobility to support clients’ energy transition and energy security agenda. The acquisition will also expand STAR’s presence in Austria and Germany, strengthening its ability to serve clients in the DACH region across the energy, infrastructure, automobile and healthcare sectors.
Sil Hoeve, Chief Executive Officer at TSG, said “Stadlmann has deep relationships in and knowledge of the Austrian and German markets. Together with its extensive expertise in the automobile space, we will accelerate our growth and offer enhanced solutions to a broader addressable market in the DACH region including in energy, infrastructure and healthcare. By harnessing our combined expertise, STAR and Stadlmann will provide invaluable support to clients as they execute their energy transition projects. We look forward to continuing our relationship with STAR and Stadlmann as they enter this exciting next chapter.”
Stadlmann will operate under the name “STAR Stadlmann” with Ing. Ferdinand Stadlmann as Chief Executive Officer, reporting to Sil Hoeve.
About The Specialist Group
The Specialist Group is a platform that deploys technical engineering specialists on a project basis. TSG serves >350 clients across technical end-markets such as power, chemicals, infrastructure, renewables and life sciences with a focus on enabling the energy transition. The Company operates via five labels (STAR Group, Sentijn, Or-Quest, Fellow and ECC Solutions) and provides regional coverage across the Netherlands, Belgium, Germany, Sweden and Austria, focussing on both experienced candidates and young professionals. TSG is backed by funds managed by Oaktree Capital Management, L.P, a leader among global investment managers specializing in alternative investments, with $163 billion in assets under management as of September 30, 2022.
Stadlmann is a leading provider of technical specialists in the automotive, energy and life sciences industries. The company has offices in Graz, Steyr and Munich and currently employs 130 engineers and other technical specialists.