Target | PronkGroep |
Buyer | Synergia Capital Partners |
Advisory buy side | Lexence | Legal Advisory Corporate M&A |
Date announced | 2022-05-12 |
Data Room provider | Virtual Vaults |
Story:
Synergia Capital Partners, an independent private equity firm investing in Dutch mid-market companies in the fields of agri, food, industrial production, B2B software and health services, has aquired PronkGroep, a Dutch full-service provider, to install and installation, renovation and maintenance services for a pleasant indoor climate. Although the company also undertakes new construction projects, the focus is primarily on renovations and maintenance. The main sales markets are housing associations and real estate parties.
By attracting Synergia Capital Partners as an investment partner, PronkGroep believes it will gain strength to accelerate its growth plans to provide the whole of the Netherlands with a healthy indoor climate. The company currently has around 150 employees (permanent and flexible) and a turnover of around €35 million, but according to PronkGroep, a turnover of €100 million should be feasible within five years.
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