Trithorn Bulk A/S, part of the Danish Thornico conglomerate of companies, has been acquired by the existing management team and two new investors.
The company was founded in 2016 by Thornico and the three Managing Directors Rene Mikkelsen, Uffe Hansen and Marc Slinger.
“Trithorn Bulk A/S has had positive results since the company was incorporated, our team has grown to deliver world class freight solutions you can trust globally. We look forward to continuing our relationships with clients who have supported us on this journey. Thornico has provided us with the vital and necessary platform and support a newly established company requires and we are now at a stage where we are ready, together with new investors, to continue our positive organic growth“ says Managing Director Rene Mikkelsen.
The management buyout process was successfully completed in Copenhagen Dec 18th 2020 with the management and investors acquiring 100% of the shares with advisory and support from both PWC and Gorrissen Federspiel.
“It is a natural part of Thornico’s DNA to initiate, cultivate and further develop start-up companies as well as ongoing businesses and we are happy and proud as owners to have been part of the successful first 4 years of Trithorn Bulk A/S. We feel now is the right time to let go and hand over the ownership to the management and new investors concludes former Chairman Ejner Bonderup