Private equity investors to purchase majority stake in BOAL

EQUISTONE Partners Europe one of Europe’s leading mid-market private equity investors, is to acquire a majority stake in BOAL Group from its current CEO Ronald Boers and the founder of the business, Marinus Boers.

The firm, a leading designer and manufacturer of high-performance aluminium greenhouse roof and side-wall systems for glass and poly greenhouses, has a site in Shepshed.

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 who will retain a minority shareholding 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.”