Successful succession of a family business

Mathias Prangs GmbH & Co. KG
Window and door construction
Wolfgang Prangs
former owner

Relevant facts

Year of foundation

1963

Size of the company

17 employees

Project duration

12 months

Sales year

2022

Initial situation

Founded in 1963, Mathias Prangs GmbH & Co. KG is an established handicraft company, which was very successfully managed already in the second generation. The company specializes in energy-efficient and burglar-proof vinyl windows, doors, shutters and related services. Through many years of experience and a focus on customer satisfaction, the company has earned an excellent reputation for quality. Since an internal family succession was not possible, it was necessary to secure this externally.

In the course of his online research, Prangs found out about the typical process of a company sale and thus became aware of CARL's digital company value calculators.

Procedure

The goal was to find a buyer who would successfully continue the previously family-run company and allow Mr. Prangs to spend more time with his family. It was important to him that customers, employees and business partners could rely on the successor and that he would continue to develop the company in the sense of the founding family with expertise and experience. CARL fully supported this process together with HESELER Mergers & Acquisitions.

Result

Due to the precise preparation and the comprehensive buyer network of CARL and Mr. Heseler, an ideal buyer could be found with LEBENDAUER GROUP GmbH. The LEBENDAUER GROUP is an experienced company in the field of real estate, crafts and ancillary construction services. Due to the experience in the industry and the common foundation of values, it was possible to find a successful successor for Mathias Prangs GmbH & Co. KG a successful succession plan could be achieved. As a result, a buyer was found who will secure the company's continued existence and jobs in the long term.

"All I wanted is more time for family and private things. And for CARL to find someone to develop my company on the existing roots and values. I thank CARL and Mr. Heseler for the good work and look forward to my relaxed future."
Wolfgang Prangs
former owner

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