Erdo-Shareholders partner with DPE

Sep 18, 2017

  • Leading provider of roofing, cladding and lightning protection services
  • Country-wide presence in the Netherlands and Germany
  • Plans to accelerate international expansion

Capelle aan den IJssel, July 5th, 2017. The managing shareholders of Erdo Group (“Erdo”) have sold a majority stake to Deutsche Private Equity GmbH (“DPE”) – an independent private equity firm based in Munich, Germany. Erdo services customers from various end markets in the Netherlands, Germany and Belgian Flanders with its leading integrated solutions for roofing, cladding and lightning protection installations. Erdo incorporates ten specialized companies with over 520 employees across 20 decentralised and entrepreneurial branches. With revenues between €85-90 million, Erdo is the clear market leader in its segment and focuses on the maintenance and renovation market.

“I am very pleased to make this important transaction public today. Erdo has been able to consistently expand over the last years and further build its position as quality leader in the Netherlands and Germany. With DPE, we have found an entrepreneurial partner that supports our current strategy to accelerate international growth. From its investments in Elevion and Calvias, DPE can contribute strategic know-how and experience that will further strengthen our platform. We are very excited that they want to expand the company with us”, says Paul Dieben, CEO of Erdo. DPE together with the current management will further build the business by i) strengthening its market position in the current geographies and ii) entering adjacent regions with Erdo’s service offering. In addition, DPE and management will focus on further developing sustainable full-service wall-to-roof solutions.

“We are proud to support the market leading roofing services provider in the Netherlands and Germany. Given its exceptional management team, we are confident that Erdo will be able to further strengthen its presence in Benelux and Germany and drive technological progress in the industry”, notes Guido Prehn, Partner at DPE.

The transaction has been approved by the relevant competition authorities. The parties have agreed not to disclose details of the transaction. Erdo has been advised by ABN AMRO and CASE Corporate Finance.