Govers Sierhekwerk joins European player Heras

Govers Sierhekwerk, specialist in custom-made gates and fencing, joins Heras, a leading European supplier of site security solutions. With this takeover, Heras strengthens its position in the Netherlands, while Govers can develop further within a solid international organization.

The selling shareholders, brothers Jean Paul Govers and Gerwin Govers, remain actively involved in the organization even after the takeover and join the Heras management team in the Netherlands.

Strong strategic partnership offers growth opportunities

The acquisition offers both Heras and Govers significant synergy benefits. Govers will continue to operate as a specialist in customized solutions for the residential and industrial sectors but will be able to benefit from the wide product range and national coverage of Heras, while Heras will gain access to valuable specialist knowledge of Govers. Together, they can offer customers an even more complete and integrated solution and continue to grow together. This transaction highlights the power of strategic partnerships and offers both businesses new growth opportunities in the global site security market.

Emmanuel Rigaux, CEO of Heras: "We look forward to welcoming Govers within Heras. Their craftsmanship and expertise in customization strengthens our offering. Together we can serve customers even better with innovative and high-quality security solutions."

Jean Paul Govers, Director of Govers: "We are proud to join Heras. This partnership gives us the opportunity to further develop our expertise in custom solutions and to expand our product portfolio."

Complex process with an international twist

The sales process began in 2023 and was characterized by the involvement of various (international) stakeholders, which also had their own strategic agenda. For example, during the sale process of Govers Sierhekwerk to Heras, Heras itself also changed hands. The German private equity company Equistone Partners Europe sold Heras to the Northern European Garda Group, which is owned by private equity party EMK Capital. There was also a carve-out transaction from one of Govers' entities to that entity's outside co-shareholder during the process.

Jean Paul Govers on his experience with Match Plan: "After talking to several parties, our choice fell purely on feeling on Match Plan, and that feeling turned out to be right. They were always there for us, even during evenings and weekends, and played a crucial role in the successful process. Always professional, but with a relaxed atmosphere."

Match Plan as adviser during the process.

Match Plan played an essential and leading role in all phases of the sales process, from preparing the sales documentation and identifying and approaching potential buyers, to coordinating the book review and conducting all financial and legal negotiations. Match Plan's deal team consisted of Erik Smidt and Lucas Troelstra.

Lucas Troelstra, Senior Consultant M&A at Match Plan: "The sale of Govers was a beautiful process, with several special and challenging features and a long lead time. The ever-unrelenting energy, enthusiasm and confidence of both Jean Paul and Gerwin and the Heras management team during this lengthy process contributed greatly to the successful completion of the transaction. We are proud to have been able to guide Govers through this strategic move and wish Heras and Govers every success in their future cooperation."

The process involved pleasant and close cooperation with Teun Trienekens of Trienekens Boleij and Jos Dexters and Malou van Vroonhoven of Aben & Slag Advocaten.