Bolster acquires majority stake in Leeuwendaal to realize growth ambitions

Bolster Investment Partners has acquired a 52.5% majority stake in Leeuwendaal, a leading HR and organizational consultancy active in the public sector. This strategic partnership marks the next phase in Leeuwendaal’s development, focused on investing in the organization’s growth and development and jointly capitalizing on market opportunities.

Founded in 1990 and based in Utrecht, Leeuwendaal specializes in enhancing work and collaboration in organizations where people make the difference. Through multidisciplinary teams, the consultancy provides expertise in three core areas: development, organization, and strengthening. Its clients include ministries, provinces, executive agencies, municipalities, healthcare and educational institutions, and other organizations with a social mission. Leeuwendaal is consistently ranked highly in the MT1000 in the HR consultancy category.

The partnership with Bolster supports Leeuwendaal’s ambitious growth plans, which include expanding into new markets, such as the private sector. The company also aims to grow through strategic acquisitions and further invest in employee development and engagement. Bolster’s long-term vision aligns seamlessly with Leeuwendaal’s ambitions.

With over 210 professionals and a revenue of €29 million in 2023, Leeuwendaal is a prominent and established player in the Dutch organizational consultancy market. The partnership with Bolster marks the beginning of a new chapter in realizing sustainable growth.

Edward Hermans & Arjen Kuijten, both Managing Directors at Leeuwendaal: “Bolster’s involvement in Leeuwendaal goes beyond financial participation. The strong alignment in values and vision was decisive for us. The people at Bolster understand who we are, what we do, and what we aim to achieve. As entrepreneurial and fully-fledged partners, we are set to realize our growth strategy for the coming years.”

Joost Bakhuizen, Managing Partner at Bolster Investment Partners: “Bolster is impressed with the high-quality services and excellent reputation of Leeuwendaal. We look forward to working with the Leeuwendaal team to achieve further sustainable growth for the company.”