Bolster acquires a majority stake in Mark Climate Technology
Bolster Investment Partners acquires 58,4% of the shares in Mark Climate Technology, a leading player in climate control systems. Bolster will support the company in its ambition to accelerate growth and further expand its distinctive position internationally.
Mark Climate Technology (“Mark”), founded in 1945 and based in Veendam The Netherlands, focuses on innovative climate control systems for heating and cooling of large buildings, as well as improving the living environment. Mark has a unique proposition with a complete product portfolio for temperature and air handling, with its own production facilities in The Netherlands and Ireland and sales and service locations in The Netherlands, Germany, Belgium, Ireland, Poland and Romania. The family business has approximately 200 employees worldwide and realizes an annual turnover of over € 40 million.
Mark’s activities range from innovation and design, to production, maintenance and service. As a result, Mark is the only player in the market capable of providing customer specific solutions. The company is the market leader in gas-fired air heating systems, but Mark is also at the forefront of developing innovative technological solutions that contribute to the energy transition and improve the living environment. For example, Mark is developing climate systems operating on hydrogen and has developed a unique and worldwide patented technology to reduce fine dust in the air. Due to the increasing focus on controlling the indoor climate and given the worldwide focus on achieving climate objectives and the increasing focus on air quality, Mark is in a strong position for further growth.
Piet-Hein Bruinsma, director and major shareholder of Mark explains: “The organization is ready for the next step. The current market provides significant momentum for our solutions. In order to take full advantage of the growth opportunities, both organic and through acquisitions, we have been looking for a partner that could provide us with the right support. We believe that Bolster, with its knowledge and experience, widespread network and long-term investment philosophy, can help us achieve our growth ambitions. The mutual respect and trust, as well as the enthusiastic entrepreneurship of the Bolster team, was the main reason for us in choosing Bolster.”
Mark van Rijn, partner at Bolster Investment Partners explains: “The investment in Mark is fully in line with our investment philosophy; Mark is a perfect example of an innovative Dutch manufacturing company active in a market that will grow significantly in the coming years. The raised uncertainty due to the corona-virus does not effect the long term developments. With its broad product portfolio, customization and high service level, Mark is strongly positioned to further expand its leading position internationally. We are very pleased to have completed this transaction after being in contact for several years.”
For more information, please contact:
Bolster Investment Partners
Mark van Rijn +31 20 226 3088
Mark Climate Technology
Piet-Hein Bruinsma: +31 598 65 66 00
About Mark Climate Technology
Mark Climate Technology, founded in 1945 and owned since 1983 by the Bruinsma family, is market leader in climate control systems. Mark engineers and produces a broad product portfolio for temperature- and air handling in industry and utility buildings.
In addition to Mark Climate Technology, the group also consists of StaticAir and CMK Luchttechniek. StaticAir sells systems based on patented technology to reduce fine dust. CMK Luchttechniek is specialized in design and installation of air ducts, technical air solutions and ventilation systems.
About Bolster Investment Partners
Bolster Investment Partners is a long-term investor specialized in minority interests. Bolster invests in exceptional Dutch companies with a keen focus and a proven business model. Bolster helps entrepreneurs realize their company’s full potential. By acting as equal partners to make the difference.
Bolster has a proven track record. As an investment firm Bolster has collaborated successfully with over 100 companies since 1982. Having previously operated under the name of Van Lanschot Participaties, in late 2017 the entire team became an independent investment company operating under the name Bolster Investment Partners.