FBM Corporate Finance assisted the shareholder of Amovatiebedrijf Aalsmeer in the sale and also arranged the acquisition financing.
Jacco Vijfhuizen, founder of Amovation Company Aalsmeer, is selling his majority stake to investment company Value8 and is thus ready for future growth.
Amovation Aalsmeer
Amovation Company Aalsmeer was founded 30 years ago by Jacco Vijfhuizen and is active in amovation and recycling for the business (construction) market. Customers can turn to Amovatie Aalsmeer for all their demolition work, asbestos remediation, drilling and sawing work, earthwork and remediation and container service. Sustainability and circularity are important concepts.
Circularity
A clear characteristic of the demolition company is its focus on circularity; reuse of materials in other construction projects or recycling of raw materials are core issues of the company. From the very first moment, Amovatiebedrijf Aalsmeer looks with its customers for recycling opportunities. Many materials find their way back as foundation material or concrete rubble, replacing gravel in concrete.
Market
The Economic Institute for Construction figures in its market study that sales volume will increase by 6-7% over the next few years. Jacco recognizes this development and scaling up is an important strategic benchmark to meet this market demand. Michiel Dullaert and Albert van Lunteren from FBM Corporate Finance guided Jacco Vijfhuizen on this strategic issue. In connection with the strong growth of the Amovation company and the growth opportunities in the market (buy and build), bringing a strong partner on board was a logical choice.
Value8
Value8 N.V. is a listed company (Euronext) engaged in investing in and providing services to small and medium-sized companies. Value8 already has a stake in waste processing and recycling company Renewi from Bunnik and expects the demolition market with a focus on recycling to continue to grow in the coming years, including through replacement new construction from housing corporations. The knowledge and experience of Renewi can be used to apply this sustainable vision on recycling to the demolition market. It is the ambition of AA Circular (De Koopholding) to make acquisitions and connect medium-sized parties in order to achieve synergy both commercially and on a cost level.
Jacco Vijfhuizen:
We passed Covid year 2020 well and are ready for the next phase. We were looking for a partner with whom we want to actively participate in the consolidation process in the market. In other words: make targeted acquisitions of medium-sized industry peers. With Value8 we have a partner who has a lot of experience in buy & build processes. The combination of our industry knowledge and relationship network with Value8’s acquisition and financing knowledge provides a good basis for our joint growth plan.
FBM Corporate Finance assisted the shareholder of Amovatiebedrijf Aalsmeer in the sale and also provided the acquisition financing arranged.
