19 december 2013

AAC supports Lubbers Transport Group in accelerating international growth

Schoonebeek, Newcastle, Amsterdam, December 19, 2013


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.”


Tony Tailford, Managing Director UK, says:
“We have a truly 24/7 service mentality, striving to continuously excel the demanding service and QHSE requirements of our customers. With our unique pan-European network, we see great opportunities to further expand the business into new geographies and services.”


Marc Staal, Managing Partner at AAC, says:
“Lubbers is a highly successful and well positioned business in the attractively growing Oil & Gas services sector. We are impressed by its unique business culture, which stands for a true partnership with its customers, outstanding service levels and compliance to the highest QHSE requirements. Building upon this strong foundation, we look forward to be a trusted and reliable partner to management and the current shareholders in supporting the international growth ambitions of Lubbers.” 


Notes to Editors

About Lubbers Transport Group
Lubbers is a specialist Oil & Gas transport and logistics services company for the upstream Oil & Gas industry in Europe. The company offers dedicated road transport and value-add logistics services, including rig move-, specialised forwarding- and staffing services. Lubbers has a modern fleet of 120 trucks and 290 trailers and a network consisting of 11 basses across Europe in key locations for the Oil & Gas industry.


About AAC Capital
AAC is a leading Benelux mid-market buy-out firm, which has to date completed 26 management buyouts, of which 20 have been realised. It targets opportunities for majority stakes in profitable, cash- generative companies headquartered in the Benelux. AAC is investing from its third, Benelux focussed fund. AAC is a growth oriented investor, with such companies in its portfolio as Orangefield Group in the Netherlands, Desotec in Belgium and Salad Signature in the Netherlands.


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