S&B Strategy advises EGC on the acquisition of BayWa Energie Dienstleistungs GmbH
Our team provided comprehensive advice to the EGC Group (EGC) on the acquisition of BayWa Energie Dienstleistungs GmbH (BayWa EDL).
EGC, a leading energy service provider based in Düsseldorf, is consistently continuing its growth course with the next transaction. In February 2025, the company entered into a strategic partnership with KKR to position itself as a long-term decarbonisation partner for the real estate industry. EGC currently manages a real estate portfolio of over 2 million square metres and approximately 1,000 heating centres for more than 100 customers. The company covers the entire value chain – from the planning and design of energy and building technology systems to the financing, operation and maintenance of heating centres and power supply networks to energy supply.
BayWa EDL specialises in biomass heating systems and local heating networks. Founded in 2009, this subsidiary of BayWa AG operates heat generation plants at 52 locations, which are mainly powered by biomass and generate around 51,200 MWh of heat annually. BayWa EDL serves a broad customer base – in particular local authorities and public clients – covering the entire value chain from planning and design to operation and maintenance, as well as metering, billing and material procurement.
With the acquisition of BayWa EDL, EGC is strengthening its presence in Bavaria and is now represented in all key regions of Germany. At the same time, EGC is expanding its technology portfolio in the field of biomass, thereby underlining its role as a one-stop shop for climate-friendly energy solutions. BayWa EDL's complementary offering complements EGC's existing focus on heat pumps and photovoltaics. In particular, BayWa EDL's strong foothold in the municipal sector opens up new growth prospects and reference projects for EGC in other regions.
S&B Strategy accompanied EGC as lead M&A advisor throughout the entire acquisition process – from start to successful signing – and also supported the buyer with the implementation of commercial due diligence.
Quick Facts
Date
- November 2025
EGC
- Leading energy service provider focusing on the real estate industry
- Supplies a Germany-wide real estate portfolio with more than 2 million square metres and 1.000 heating centres
- The company is based in Düsseldorf
BayWa EDL
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Energy contracting company focusing on domestic heating systems and local heating networks
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Annual heat generation of 51,200 MWh with a focus on southern Germany and municipal customers
Deal Value
- Double-digit million euro amount
Services
- M&A Lead Advisory
- Commercial Due Diligence
Team
- Patrick Seidler, Managing Partner
- Christoph Blepp, Managing Partner
- Thomas Kasper, Manager
- Noah Leconte, Senior Associate
- Moritz Baur, Associate
- Robert Campe, Associate
- Marc Heinle, Associate
Your contact person
Patrick Seidler is an experienced expert in the field of mergers & acquisitions (M&A) with a particular focus on the construction and infrastructure sector. For over 15 years, he has successfully advised companies on complex transactions, from corporate takeovers to strategic mergers. Thanks to his in-depth knowledge of the sector and his structured approach, he has successfully completed numerous national and international M&A projects.
Patrick is a close and trusted advisor to owner families and investors in the construction, construction supply and infrastructure sectors and is a regular author of studies, speaker and panellist at industry events on the topics of M&A and succession.
‘I am driven by constantly experiencing new and impressive life's work from owners and helping to shape professionalisation and consolidation along the entire value chain.’