GCA Altium advises Equistone on financing the acquisition of BOAL Group
Headquartered in Naaldwijk, the Netherlands, BOAL has 48 years of experience in designing and manufacturing aluminium roofing and sidewall systems for greenhouses and holds a market leading position in the horticultural greenhouse industry. It also supplies the construction, engineering, and transport sectors with aluminium extrusions. BOAL currently employs c. 370 people and generated revenues of c. €155m in 2017.
Together with Equistone, BOAL plans to develop its market-leading position in the horticultural greenhouse industry through continued product innovation, geographic growth and further expansion into the poly-greenhouse roofing systems market.
Ronald Boers, CEO of BOAL Group, stated: “The greenhouse industry is growing rapidly, a development from which BOAL Group is set to benefit enormously. Equistone is the perfect partner for our ambitions and together we will continue to drive the company’s growth plans forward.”
Marc Arens, Partner at Equistone, added: “BOAL Group already has an impressive market position which provides an outstanding foundation for the next phase of growth. Together with its exceptional management team, Equistone will build on BOAL’s strengths and continue its growth strategy.”
GCA Altium advised Equistone on all commercial aspects of the financing transaction.
Thorsten Weber, Director at GCA Altium, commented: “BOAL Group is active in an attractive and dynamic market sector and has shown strong growth over the last years. Whilst the selected financing should allow a maximum of flexibility, it likewise reflects the extraordinary growth potential of the group.”