Shepshed aluminium firm sold to private equity house

Private equity house Equistone has taken a majority stake in BOAL, the designer of aluminium roofs and walls for greenhouses, which has a base in Shepshed, Leicestershire.

Equistone will acquire a majority stake in BOAL Group from its current CEO Ronald Boers and the founder of the business, Marinus Boers, both of whom will retain a minority shareholding. BOAL’s management team will also acquire a minority stake in the business.

BOAL employs around 370 people, and is headquartered in the Netherlands. Last year it turned over €155m.

Marc Arens, partner at Equistone, said: “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. Our key priorities will be geographic expansion, product innovation and an extension of the Group’s existing product portfolio.”

Ronald Boers, CEO of BOAL Group, said: “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. We can rely on our long-term strategic partnerships with our customers and our long-standing experience and core competence in the extrusion of high-quality aluminium profiles for the greenhouse industry and other markets.”

The value of the deal is undisclosed.

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