Baker Tilly advises the third generation of family business Hagemans with attracting investor

Description

Nijmegen property maintenance company Hagemans has taken an important step toward the future by attracting investment company Axeco Participaties. With Axeco Participaties as a partner, Hagemans plans to develop new services and further optimize existing ones in the coming years. Baker Tilly Corporate Finance has assisted Hagemans in realizing this partnership.

"Strengthening the Hagemans proposition."

Hagemans provides integral real estate services in the areas of planned & major maintenance and renovation and focuses entirely on housing corporations. Hagemans is mainly active in the provinces of Gelderland, North Brabant, Utrecht and South Holland. Brothers Carel and Rob Hagemans are the third generation of entrepreneurs within the Gelderland family business. Continuity is Hagemans' goal and to ensure that, Axeco Participaties has been attracted as a partner. This allows the family business to strengthen the Hagemans proposition for clients, residents, employees, suppliers and other stakeholders.

Carel Hagemans: "We are 60 and 56 years old and both have no children. The time has come to give Hagemans the best possible future prospects. The appropriate way to do that is to seek affiliation with a powerful party that offers long-term development potential. When searching for the right partner, we certainly did not take any chances. In the end, we chose Axeco Participaties with complete conviction. A club where we feel at home, because here vision, expertise, social involvement and financial strength come together."

Rob Hagemans concludes, "Continuity was, is and remains our goal: a bright future for Hagemans and the great colleagues who work there. It may sound a bit contradictory, but this change is necessary in order to remain ourselves and develop further in the long term."

Increasing support and clout

One word that comes up a lot in the conversation with Carel and Rob Hagemans is scale. "Not as an end," says Rob Hagemans. "Really as a means. Our customers are housing corporations. They choose us first and foremost because of our added value, knowledge and expertise. And because of the click. At the same time, housing corporations don't want the dependence on cooperation to become too great. Because the task facing housing corporations is becoming larger and more complex and the average project size is constantly growing, size and scale play a role more often. This step simply increases our support and clout and enables us to further expand our services."

Together with Director of Market & Development Simon Ruijs, the brothers will continue to manage Hagemans. "Simon, as a co-shareholder, further strengthens his commitment to the business," says Carel Hagemans. "Hagemans is in great shape and we will continue to do the things we are good at: working with housing associations and chain partners to maintain, improve and make social housing more sustainable. Giving a future to existing property, with great attention to the interests of the residents."

Investment company Axeco Participaties

Axeco Participaties also has interests in the maintenance companies Heko (South Holland region) and ToekomstGroep (North Holland region). In this way, an increasingly powerful platform is forming that is equipped for the massive tasks facing Hagemans' clients. Bart Buijs and John Hak of Axeco Participaties say, "Hagemans attaches great importance to the well-being of residents, cooperation with clients and chain partners, care for its own staff and sustainability. This fits perfectly with our investment philosophy of contributing to major social issues. Hagemans has developed strongly under the leadership of the management. We look forward to supporting the Hagemans team in realizing the business' ambitions."

Services by Baker Tilly Corporate Finance

During the acquisition process, Hagemans was assisted by Baker Tilly's Corporate Finance team. Lorijn van Leersum and Tijmen Bloom guided the shareholders and management of Hagemans in the acquisition process from valuation to negotiation and effectuation of the transaction.