YES Corporate Finance (“YES CF”) advised Strukton on the sale of its subsidiary Van Rens to Groupe LT, a portfolio company of MBO+. All employees will be transferred to the new company and the current services will be continued. As of 23 October, Groupe LT is in the possession of all shareholders of Van Rens. Groupe LT will then reside permanently in the Netherlands. For Strukton, the acquisition is a logical step in its strategic focus on (rail) infrastructure.
About Van Rens
For over 90 years, Van Rens has been supplying the Netherlands in a reliable and efficient manner. From road marking and traffic regulations to relocation and its engineering office, Van Rens has all the expertise in house to make the Netherlands accessible. More information: https://vanrensbv.nl/ (Dutch website)
About Groupe LT
Groupe LT is a leading company in France and Germany in the rental and distribution of equipment for road safety and road signs. In the past 10 years, the company has grown strongly, both in an organic way and through acquisitions. In the past years, the company acquired companies like SPEPP, Rabotin, MCM, Rapid Signal and Delvaux, all companies in road safety and signaling, similar to Van Rens’ activities. More information: https://www.caupamat.fr/en/groupe-lt/ Groupe LT is a portfolio company of MBO+ https://mbo.plus/
Groupe LT’s aim with the acquisition is to enter the Dutch market with a strong basis in the field of road safety and mobility and become a top player in this dynamic market. With its national coverage and expertise, Van Rens provides a good platform for further growth.
Eric Van Acker, President of Groupe LT: “The acquisition of Van Rens is an important milestone for the Groupe LT. It will enable us to enter the Dutch market and confirm our international development. From our first meeting with Timo van Ginkel and his teams, we immediately felt that a common future was possible. As the discussions progressed, the feeling that we could help each other to grow grew stronger. Van Rens is a renowned company with an excellent reputation and a top-notch management team. It has great potential for growth, and we are looking forward to write this new chapter by combining the strengths of Van Rens with those of Groupe LT.”
Timo van Ginkel, Managing Director of Van Rens, is highly confident about the future of Van Rens under Group LT: “With this acquisition, we come under the management of a European equivalent company and are no longer part of one or more shareholders in the road construction industry. The mutual exchange of information and best practices will help us grow further in the Netherlands”.
Role YES Corporate Finance
YES Corporate Finance advised and assisted Strukton for the 2nd time this year throughout a sale process. The services provided by YES CF included:
- Drafting an Information Memorandum
- Identifying potential buyers domestically and internationally
- Coordinating the due diligence process
- Structuring the deal
- Negotiating the sale price and terms (including the LOI and SPA/purchase/sale agreement)
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