BPG Building Partners Group continues its expansion strategy with the acquisition of GSB Gerüstbau

06.04.2021

BPG Building Partners Group continues its expansion strategy with the acquisition of GSB Gerüstbau

  • Acquisition of a scaffolding company with an attractive market position in the Rhine-Neckar and Rhine-Main regions
  • Previous owners settle succession in the company through this transaction
  • The strategic add-on strengthens BPG and its expansion strategy
  • Fourth AURELIUS´ add-on acquisition in recent months already

Munich / Wandlitz / Bobenheim-Roxheim, April 6, 2021 - BPG Building Partners Group GmbH (“BPG Group”), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), has acquired the business operations of GSB Gerüstbau Bobenheim-Roxheim GmbH (“GSB Gerüstbau”). GSB Gerüstbau is a scaffolding and scaffolding rental company based in Bobenheim-Roxheim; the company generates sales of c. EUR 8 million and employs c. 50 people. The acquisition of GSB Gerüstbau is part of the growth strategy of BPG Group and further increases the Group's market coverage in Germany. The transaction is in line with AURELIUS's overall strategy of strengthening portfolio companies through selective add-ons and synergies in a sustainable and growth-oriented manner.

Thanks to many years of experience and high-quality standards, GSB is a reliable partner for demanding construction projects in the Rhine-Neckar and Rhine-Main regions. The business areas include, among others, facade scaffolding, room scaffolding, slab scaffolding, suspended scaffolding, and construction hoists.

The company maintains an advantageous regional market position and has established long-standing customer relationships with commercial and public-sector clients. GSB Gerüstbau will be integrated into BPG Group as an independent subsidiary and thus continue to operate as "GSB Gerüstbau".

Subsequent to the acquisition, BPG Group and the management of GSB Gerüstbau will jointly implement changes in the corporate structure, resulting from the succession in the company and strengthen the positioning as a regional scaffolding contractor. BPG Group will strengthen GSB Gerüstbau by providing operational know-how, administrative resources, scaffolding materials, and its partner network. The additional resources and long-standing customer relationships enable GSB to offer a broader range of scaffolding and construction logistics services and grow the company further.

Alexander Steinberg, CEO of BPG Group,  comments on the transaction as follows: "With the acquisition of GSB Gerüstbau, BPG continues to consistently pursue its strategy of positioning itself as the leading scaffolding and construction logistics company in Germany. The acquisition of GSB Gerüstbau is of particular strategic importance since it will help to increase our market share in the Rhein-Neckar and Rhein-Main regions."

BPG Group, headquartered in Wandlitz near Berlin, is a leading scaffolding and construction services company operating throughout Germany. The company sees itself as an expert in all aspects of scaffolding. In addition, BPG Group offers a comprehensive range of services related to the assembly of construction sites and in the field of construction logistics. These services include, for example, elevator and lifting technology, winter constructions and heating, construction of electricity and water management systems, and the control and support in logistics. Since the acquisition in 2014, AURELIUS has been providing operational and financial support to BPG Group in order to implement its targeted growth strategy and for expanding the Group's business activities in Germany. Since 2014, BPG Group has already acquired BSB Bau- und Spezialgerüstbau Franke & Wagner GmbH and the business operations of the Munich-based scaffolding company Gustav Raetz. In the future, the Group plans to further increase its market shares in the DACH region through strategic growth measures and add-on acquisitions.

The transaction was closed on March 31, 2021.