Pieterman Group accelerates growth and further professionalization with Delta Participations

Pieterman Group, a leading wholesaler of machinery, tools and accessories for the flat glass and natural stone industry, is taking a major strategic step. Selling a majority stake to investor Delta Participaties lays the foundation for further growth and professionalization. With branches in the Netherlands and Belgium, Pieterman offers a wide range of products and technical support, with which the business has proven itself as a reliable partner in the sector.

New generation leadership

The transaction marks an important milestone in Pieterman's development. The management before transaction, consisting of Eddy Indesteege, Bas de Jong and René Coenen, can as of today deal with their next phase: Eddy will remain active in the company, Bas will remain involved in an advisory role and René will retire. Employees Dominic Rasking and Tim Myny will also take a stake in the business, contributing to the continuity and strengthening of the new management team.

Cooperation as catalyst for growth

With Delta Participations as strategic partner, Pieterman Group can accelerate its growth plans and further professionalization. The joint expertise of the new management team and the investor offers new opportunities to further expand the market position and stimulate innovation.

Match Plan guides successful acquisition

Match Plan guided the entire sale process, from business valuation and the buyout of a minority shareholder to the completion of the transfer to both Delta Participations and the new management team. The deal team, consisting of Hans van de Pas, Yvo Bruin, Niels Beckers and Matthias Duijzer, worked intensively with all stakeholders to achieve an optimal result.

Hans van de Pas, partner at Match Plan: "This cooperation lays a strong foundation for the future of Pieterman Group. The dynamics in this transaction between the "old" management team as seller, the new management team with Delta Participations as buyer was intense, but always focused on a good end result. This acquisition offers plenty of opportunities for further growth and innovation. In addition, it is great to see that Tim and Dominic have the opportunity to contribute to the further development of the business as shareholders. We congratulate all parties and thank accountant Finchtree, led by Frank Gielen, for their valuable contribution to this process."