AAC Capital (“AAC”), a leading mid-market buyout firm, today announced the acquisition of a majority stake in Lubbers Transport Group BV (“Lubbers”) from the company’s shareholders, Ronald Lubbers and Tony Tailford. Lubbers’ management team, led by CEO, Ger Engelsman, will invest alongside AAC, whilst the existing shareholders retain a significant minority interest. The investment in Lubbers is AAC’s first platform acquisition in its recently raised Benelux Fund III.

Since the 1990’s, and accelerated by the merger of Lubbers in the Netherlands and RTH in the UK in 2005, Lubbers has grown into a specialist international road transport and logistics services provider for the upstream Oil & Gas industry in Europe. The company serves a broad portfolio of blue chip customers across the value chain, including Oil & Gas operators, top service companies, global forwarders and regional service providers. Lubbers operates a modern, dedicated fleet of 120 trucks and 290 trailers, complying with the highest QHSE requirements applicable in upstream Oil & Gas industry.

The company has a pan-European network of 11 bases in key Oil & Gas locations in the UK, the Netherlands, Denmark, Germany, Italy, Romania, Poland and Norway. In recent years, Lubbers has successfully expanded into value-add services, including rig move activities, specialised forwarding, staffing services, warehousing and container rental.
The company employs c. 270 staff and is headquartered in Schoonebeek, the Netherlands, and Newcastle, the United Kingdom.

Ger Engelsman, CEO of Lubbers Transport Group, says:
“Our ambition is to further establish our market leading position in the upstream Oil & Gas transport and logistics services. Our strategy is to accelerate international growth by following our customers to emerging Oil & Gas regions and opening up new bases, whilst we will continue to strive for the highest service levels and QHSE standards. We have been looking for a professional partner to help us realise this strategy and have chosen for AAC. They have a wealth of experience in helping management teams in realising their international growth ambitions.”

Ronald Lubbers, chairman of the executive board, says:
“We are grateful to the commitment and dedication of our employees, who have been instrumental in the growth of the Lubbers Transport Group in the past decades. We look forward to partner with AAC to further grow the company to the benefit of its customers, stakeholders and employees.”