PHI Industrial, a fund specialized in the acquisition and active management of industrial companies, has completed the acquisition of Verot and Industrias del Conformado from the family owners, strengthening its presence in the laser cutting, sheet metal folding, and industrial fabrication sector.
Founded more than 30 years ago, Verot is headquartered in Asturias, where it operates two production plants. The company employs over 180 professionals and in 2025 achieved sales exceeding €34 million, with an EBITDA close to €7 million, consolidating itself as a key player in its segment.
PHI already has a solid track record in this industrial sector through its stake in Teknicalde since 2024. The addition of Verot will allow the group to expand its operational reach, generate industrial complementarities, and strengthen the joint value proposition, while maintaining the identity and operational autonomy of both companies.
With this transaction, PHI consolidates a new investment line, complementing its historical activity in restructuring processes and carve-outs of multinational companies. This growing focus on profitable, family-owned industrial companies in strategic and shareholder transition phases—already validated through recent transactions such as Teknicalde, Panalia, and Palinox—fits naturally with PHI’s operational approach, which is oriented toward supporting these companies in developing sustainable long-term growth projects.
The acquisition was fully financed by Artemid. PHI was advised by Tribeca Abogados and Pérez-Llorca on legal matters, EY Abogados on tax issues, and Deloitte and PwC on financial due diligence. Bankinter Investment acted as the financial advisor to the selling party.
According to Alexander Wit, Managing Partner of PHI: “With the acquisition of Verot, we reinforce our commitment to a sector we know well and where we see significant growth potential.”
About PHI Industrial: PHI is a fund specialized in the acquisition and active management of industrial companies, focusing on family-owned businesses and multinational carve-outs. PHI invests in companies where it sees potential to increase value by optimizing operations. With offices in Madrid, Barcelona, and Milan, PHI Industrial is interested in acquiring majority stakes in mid-sized European companies. For more information, visit https://phi-industrial.com/
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