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After less than 15 months of searching, Daniel Missethon and Wolfram Krauss have acquired KKD GmbH, a leading fleet service provider in Germany, through their SF Konkordia Unternehmensnachfolge. In the transaction, which secures the long-term future of the well-established company, investors such as Istria Capital, Alza Capital Partners, Lineage, Forti Search Fund Partners, and some of the leading German private serial SF investors participated. Leveraged financing was provided by BW Bank. The previous owner, Christian Kraus, will continue to support the business during the transition and ensure an orderly handover of management.
KKD is one of Germany’s leading nationwide fleet service providers for corporate clients. Since its founding, the Essen-based company has evolved into one of the few true full-service providers covering the entire lifecycle of corporate vehicles. Its services include vehicle procurement and logistics, fleet management with digital vehicle records, comprehensive claims management with its own workshop and paint shop, as well as the management of both owned and leased vehicles. Thanks to its infrastructure, IT systems, and vehicle diagnostic centers, KKD is able to deliver all services in-house, an important competitive advantage in a fragmented market. Today, KKD employs around 80 highly qualified fleet professionals, generates revenues of over €20M, manages more than 20,000 vehicles, and continues to grow steadily.
Daniel and Wolfram will play an active role in the company, focusing particularly on strategy, digitalization, and business development. Their close operational involvement ensures that know-how, capital, and personal commitment are directly invested in the company’s future development, with the goal of positioning KKD as a market leader through specialization and technological scaling.
Wolfram Krauss commented: “KKD exhibits many of the characteristics SF investors value most: a pure-play B2B services business with a high share of recurring revenues, largely secured under framework agreements. Its customer base includes blue-chip DAX and MDAX corporates, providing both stability and significant growth potential. The services are highly sticky, supported by resilient competitive moats, and well-integrated into clients’ operations”. He added: “Beyond these fundamentals, broader market dynamics amplify the opportunity: the German automotive sector is moving away from the traditional dealership model, creating increasing demand for independent full-service providers. KKD is ideally positioned to capture this shift and expand its role as a trusted fleet management partner.”
M&A: Peryton Advisory / Legal: Stolzenberg Rechtsanwälte / DD: Radial / Tax: RLT Ruhrmann Tieben & Partner mbB / Debt Advisory: Just Finance GmbH
