Who Owns Comer Industries Company?

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Who Owns Comer Industries?

Comer Industries' ownership structure is key to understanding its strategic path. A significant development was its acquisition of Walterscheid Powertrain Group in late 2021, which substantially altered its ownership and market standing.

Founded in 1970 by the Storchi family, Comer Industries has grown into a global leader in power transmission systems, offering components like gearboxes and transmissions, and has even developed a Comer Industries BCG Matrix.

As of July 30, 2025, Comer Industries is publicly traded with a market capitalization of $1.1 billion. Its listing on Euronext Milan on July 13, 2023, marked a new chapter in its ownership journey.

Comer Industries was established in 1970 by the Storchi family, initially focusing on mechanical reducers under the name Costruzioni Meccaniche Riduttori (Co.me.r.). The family's deep involvement has been a constant thread throughout the company's evolution, even as it expanded and went public.

Founding Family

The Storchi family founded Comer Industries in 1970. Their initial focus was on mechanical reducers, as indicated by the original company name.

Early Vision

The founding team demonstrated an early vision for international reach by establishing sales offices in key markets during the 1980s.

Generational Leadership

The second generation of the Storchi family assumed leadership of the company in 2017. This transition highlights the enduring family commitment to the business.

Diversification

In 1990, the company expanded its offerings to include a product line specifically for industrial clients. This marked a significant step in its early development.

International Expansion

The 1980s saw the company establish a sales presence in France, Germany, Great Britain, and the United States. This was a key part of its initial global strategy.

Family Control

Despite significant growth and public listing, the Storchi family has maintained substantial control over the company. This indicates a strong family influence on Comer Industries ownership.

The Storchi family's foundational role in Comer Industries continues to shape its corporate identity and strategic direction. Their early commitment to international markets and diversification efforts laid the groundwork for the company's subsequent growth, as detailed in the Growth Strategy of Comer Industries.

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Comer Industries' ownership journey reflects a strategic shift from a family-centric model to a publicly traded entity, marked by significant acquisitions and evolving stakeholder interests. The company's listing on Euronext Milan in July 2023 signifies its transition to a new era of transparency and broader investor participation.

The acquisition of Walterscheid Powertrain Group by the end of 2021 was a pivotal moment, integrating WPG Parent, controlled by One Equity Partners, into Comer Industries' shareholder structure with a 28% stake. This strategic move, which saw the combined revenue reach approximately €792 million in 2020, bolstered the company's market position. By December 31, 2024, Comer Industries reported revenues of 942.4 million euros and an adjusted EBITDA of 157.5 million euros, demonstrating resilience amidst global economic challenges. Understanding who owns Comer Industries is crucial for grasping its strategic direction and corporate governance.

Key Ownership Dynamics

Comer Industries' ownership structure is characterized by a dominant main shareholder and significant institutional investment. This composition influences the company's strategic decisions and long-term outlook.

• Eagles Oak S.r.l. is the primary controlling interest.
• Matteo Storchi holds a substantial indirect stake through Eagles Oak S.r.l.
• WPG Parent B.V. and OEP Capital Advisors L.P. represent significant institutional ownership.
• The company's public listing on Euronext Milan provides transparency on its ownership breakdown.
• The Marketing Strategy of Comer Industries is likely shaped by its diverse shareholder base.

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The current Board of Directors for Comer Industries was appointed on April 23, 2024, and will serve a three-fiscal-year term concluding with the approval of the 2026 financial statements. This board comprises nine members, including Matteo Storchi, who holds the dual roles of Chairman and President & CEO.

The voting power within Comer Industries is primarily determined by regular entitlement shares. The company's share capital stands at Euro 18,487,338.60, distributed across 28,678,090 shares with no nominal value. The Storchi family, through Eagles Oak S.r.l., holds a significant majority of 51.05% of these shares, which translates to substantial control and voting influence. While other entities, such as WPG Parent B.V., are also major shareholders, the Storchi family's stake solidifies their ultimate majority control. This ownership structure is a key aspect of Comer Industries ownership and influences its overall company structure.

Understanding Comer Industries' Voting Power

The voting power is concentrated due to the majority shareholding by the Storchi family. This structure impacts corporate governance decisions and strategic direction.

• Majority control rests with the Storchi family via Eagles Oak S.r.l.
• Total share capital is Euro 18,487,338.60.
• The company has 28,678,090 shares with no par value.
• The Ordinary Shareholders' Meeting on April 23, 2024, approved the board appointments and share buyback authorizations, demonstrating active corporate governance.
• Understanding who owns Comer Industries is crucial for assessing its strategic direction and Mission, Vision & Core Values of Comer Industries.

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Over the past 3-5 years, Comer Industries has seen shifts in its ownership structure, notably with One Equity Partners becoming a significant minority shareholder. This evolution reflects broader industry trends of strategic investments and partnerships aimed at enhancing market position and operational capabilities.

Comer Industries navigated a challenging macroeconomic landscape in 2024, reporting consolidated revenues of 942.4 million euros and a net financial debt of 58.4 million euros by year-end. The company's strategic investments include expanding production capacity in North America. For the first half of 2025, sales revenues were 447.2 million euros, a decrease of 15.8% compared to the same period in 2024, largely due to reduced demand in the agricultural sector. A dividend of €0.80 per share was proposed for 2025, based on 2024 financial results. The company also implemented a 'Long Term Incentive Plan Comer Industries 2024-2026' to align executive interests with long-term shareholder value. This period also saw increased institutional ownership within the industry, with Comer Industries' collaboration with One Equity Partners serving as a prime example. The company continues to prioritize research and development to foster innovation and meet market needs for advanced solutions, aligning with its Revenue Streams & Business Model of Comer Industries.

Major Stakeholders

The Storchi family, through Eagles Oak S.r.l., holds a majority ownership of 51.05%. One Equity Partners, via WPG Parent B.V., is a significant minority shareholder with 23.86%.

Strategic Investment

The acquisition of Walterscheid Powertrain Group led to One Equity Partners' substantial stake. This move underscores a strategy to bolster market presence and operational capabilities.

Financial Performance & Outlook

In 2024, revenues reached 942.4 million euros. Despite a first-half 2025 sales dip of 15.8% due to agricultural market slowdown, the company proposed a €0.80 dividend per share.

Future Growth Initiatives

Comer Industries is investing in a new North American production plant to enhance capacity. A long-term incentive plan is in place to align executive compensation with sustained value creation.

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