Acquisition History / ASPEON Partners / AlpinEnergie
ASPEON Partners Acquires AlpinEnergie
Announced October 14, 2025 — Slightly above 5x 2024A EBITDA (EBITDA €4M+ on ~€15M 2024 revenue); ~60-70% leverage financing with 10% seller rollover
What happened
ASPEON Partners, a Vienna-based search fund, acquired AlpinEnergie, an Austrian energy solutions company specializing in photovoltaic systems and energy procurement for SMEs, generating roughly €15M in 2024 revenue and €4M+ EBITDA.
- Acquirer
- ASPEON Partners
- Target
- AlpinEnergie
- Announced
- October 14, 2025
- Price
- Slightly above 5x 2024A EBITDA (EBITDA €4M+ on ~€15M 2024 revenue); ~60-70% leverage financing with 10% seller rollover
- Industry
- B2B energy brokerage / renewable energy solutions
- Buyer type
- Search fund
- Fund vehicle
- ASPEON Partners
- Backing investors
- Istria Capital, Moonbase Capital, Forti SF Partners, private investors from the search fund community
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did ASPEON Partners acquire AlpinEnergie?
ASPEON Partners acquired AlpinEnergie on October 14, 2025. This was ASPEON Partners's 1st publicly tracked acquisition out of 1 we have on record.
How much did ASPEON Partners pay for AlpinEnergie?
ASPEON Partners paid Slightly above 5x 2024A EBITDA (EBITDA €4M+ on ~€15M 2024 revenue); ~60-70% leverage financing with 10% seller rollover for AlpinEnergie.
What does AlpinEnergie do?
ASPEON Partners, a Vienna-based search fund, acquired AlpinEnergie, an Austrian energy solutions company specializing in photovoltaic systems and energy procurement for SMEs, generating roughly €15M in 2024 revenue and €4M+ EBITDA.
What other B2B energy brokerage / renewable energy solutions companies has ASPEON Partners acquired?
AlpinEnergie is ASPEON Partners's only publicly tracked acquisition in B2B energy brokerage / renewable energy solutions so far.