The Tech M&A team at Baker Tilly has advised Distrimel Rioja, a distributor from La Rioja specialized in electrical equipment, HVAC, and renewable energy, on its integration into Grupo Novelec, one of the leading players in the Spanish market for electrical, climate, and plumbing distribution. The transaction marks a new milestone in the consolidation of the electrical and HVAC distribution sector in Spain and strengthens Grupo Novelec’s position in the north of the country—a region with strong industrial activity and high demand for technical and sustainable solutions. Distrimel's integration into the group is part of a clear regional growth strategy focused on companies with strong technical capabilities, commercial presence, and a well-established track record.
Target: Distrimel Rioja
Founded over 30 years ago in Logroño, Distrimel Rioja has become a benchmark in La Rioja, Navarra, and Álava, thanks to its technical portfolio and close relationships with professional clients. The company has a 13-person team and operates from a facility of over 1,000 square meters. Its solid technical capacity, combined with a commercial approach based on personalized service, has made it a trusted partner for installers, engineering firms, and industrial companies in the region. The current management team will continue to lead the operations in the northern region, now backed by Novelec’s operational, logistics, and technological support.
Distrimel’s product offering includes a wide range of electrical, HVAC, plumbing, and renewable energy solutions, with a particular focus on photovoltaic self-consumption and energy efficiency. This alliance will allow the company to expand its catalog, improve digital processes, access greater stock capacity, and benefit from the group’s logistical synergies.
Investor: Grupo Novelec
Novelec, part of the business ecosystem of Grupo Noria, is one of Spain’s leading national distributors of technical solutions for electrical installations, HVAC, plumbing, water systems, and telecommunications. With more than 80 branches across Spain, Novelec maintains a strong focus on technical solutions, digitalization, and sustainability. The acquisition also allows Novelec to strengthen its presence in a key region for northern Spain’s industrial development, with thriving sectors such as agri-food, chemicals, automotive, and renewable energy. The shared vision of both companies on the importance of technical consulting, customer proximity, and after-sales service has been a key factor in the success of the transaction.
Baker Tilly Tech M&A Area:
Baker Tilly has acted as exclusive financial advisor to Distrimel Rioja.The team, led by Diego Gutierrez, supported Distrimel’s shareholders throughout the full process: preparation, investor search, deal structuring, and negotiation.
Thanks to their sector knowledge, experience in mid-market transactions, and an approach tailored to industrial family-owned businesses, the Tech M&A team delivered a smooth and efficient process that resulted in a transaction with strong strategic and cultural fit.
Baker Tilly International's services in corporate finance include advising on cross-border transactions for clients doing business in multiple locations. locations. Baker Tilly's network extends across over 140 territories, with over 43,000 people working in more than 650 offices.
Baker Tilly International is an international business professional services network specializing in advisory, consulting, audit, tax and legal, accounting, labor and management services for SMEs and multinational companies.
