J den Boer / Verboon Maasland
The Den Boer family has sold J. den Boer to Verboon Maasland for US$18 million.
J. den Boer provides a comprehensive combination of activities to engage in all aspects of earth, road and water works projects. Typical projects include nature development, construction and maintenance of dikes, unloading of silt, activities related to river control programs and track preparation for construction of highways and railways. J. den Boer has its own top-of-class infrastructure with SI-certified mobile pontoons and barges, transshipment locations along the large Dutch rivers and a modern fleet of earth moving machinery and transportation trucks.
Verboon Maasland is a contractor for groundwork, roadwork and water works. The company specializes in site preparations, dredging, flood control, land remediation and quay reinforcements.
HCF Small Cap Advisory acted as exclusive M&A advisor to the seller in this transaction.
Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing line.
This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by Cavendish.
This has been a highly complex transaction involving 10 jurisdictions. Cavendish has held our hands throughout the process, providing a dedicated team who have done a superb job; this has greatly reduced interruptions to our businesses whilst adhering to the original timetable. Cavendish has achieved a very successful sale at a fair price to a buyer who will enjoy significant strategic value from the purchase.
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