Strong Root Capital buys Dutch technical services provider for undisclosed sum

Dutch investment firm Strong Root Capital has acquired Alewijnse Holding BV of the Netherlands, pledging to boost its role as a worldwide technical services provider to makers of yachts and commercial vessels.

The takeover ends 130 years of ownership by the Alewijnse family. Strong Root Capital has named Roel Nizet, a specialist in nursing distressed companies, as managing director. Nizet says: “Alewijnse’s identity and activities remain unchanged and the continuity of the company is guaranteed.”

Strong Root Capital targets small and mid-sized trading companies, manufacturers and service providers with an annual turnover of €5m-€150m. It calls itself a ‘hands-on partner’ pursuing “the greatest possible value creation.”

In a statement, Strong Root Capital said it looked forward to securing Alewijnse’s future as “a leader in the fields of electrotechnical and automating systems.” It did not comment on the financial condition of Alewijnse.

Strong Root Capital typically invests in businesses facing “carve-outs, turnarounds, management buy-ins or buy-outs” or other challenges, says the company’s website. “We determine, together with management, what operational and strategic direction the company should take. In our experience, this immediately leads to the greatest possible value creation, even in the first year.”

Alewijnse designs, supplies and integrates electrical engineering systems for maritime and other sectors. It was founded in 1889. Based in Nijmegen in the Netherlands, it operates facilities in Brazil, China, Romania, Vietnam and other countries.