Bolster acquires a majority stake in SelektHuis
Bolster Investment Partners is acquiring a majority stake in SelektHuis. SelektHuis specializes in building private detached houses on private plots. The company has grown into a leading player in its niche and has six local branches and a prefab production location. Bolster will support SelektHuis in realizing its growth ambitions and further professionalizing the organization.
SelektHuis was founded in 1989 as part of the Nieuwenhuis Group. The company specializes in the development, prefabrication and construction of individual detached houses on private plots. SelektHuis’ proposition focuses on building a dream house according to a customer’s wishes. The customer is relieved of all the work involved in the construction process, from initial design to completion of the house. All houses are built sustainably and energy-efficiently by using the latest insulation materials, a heat pump and solar panels. As a result, SelektHuis contributes to making housebuilding more sustainable.
SelektHuis has a strong local presence with six branches in the Netherlands. SelektHuis’ headquarters and prefab factory are in Rijssen. There, the company produces roofs, frames, dormers, interior walls and gutters. Combining prefabrication with well-developed basic models makes the construction process more efficient and more sustainable than regular construction. This enables shorter construction times at lower costs and of a higher quality.
With Bolster as a partner, SelektHuis will continue to pursue its successful strategy. As well as further expanding its national coverage, the organization will specifically focus on expanding prefabrication and further optimizing operational processes in the coming years. Investments are aimed at developing SelektHuis’ specialization: combining customization on the one hand with standardization of the construction process on the other.
Berend Nieuwenhuis, Shareholder Nieuwenhuis Groep: “In the context of the succession of the family business, we started looking for a partner who will secure the future of the organization. In Bolster we found a partner whose vision is in line with our own long-term vision. Moreover, Bolster is able to further develop and improve the ‘SelektHuis concept’. We will remain involved in an advisory role.”
Luuk Nijman, Commercial Director SelektHuis: “Together with Fred Mol and Gerard Gierveld as management, I see many opportunities to further develop SelektHuis’ unique market position in the coming years. We are convinced that, with Bolster’s support, we can accelerate the growth opportunities and take SelektHuis to the next level.”
Michiel van Wissen, Partner at Bolster Investment Partners: “The market for private-lot housing is an attractive niche with ample growth opportunities. SelektHuis is one of the leading players in this market, with an excellent reputation, brand name and market position. Our long-term investment horizon allows us to see through the business cycle and continue to build the business. We are looking forward to supporting the SelektHuis team in this new phase of the company, in close cooperation with the Nieuwenhuis family.”
This transaction is still subject to approval by the relevant competition authorities.
For more information, please contact:
Luuk Nijman: +31 54 853 7813
Bolster Investment Partners
Michiel van Wissen: +31 20 226 3088
SelektHuis, part of the Nieuwenhuis Group, specializes in building individual detached houses on private lots. SelektHuis focuses on building a dream home according to the customer’s wishes, while relieving the customer of all the work involved, from initial design to completion. SelektHuis combines modular traditional construction with prefab production of, among other elements, roofs, timber frame walls, window frames and dormers. SelektHuis operates nationwide through branches in Rijssen, Sneek, Hedel, Amersfoort, Moordrecht and Tholen. In 2021, SelektHuis realized €79 million in revenue with approximately 250 FTE.
About Bolster Investment Partners
Bolster Investment Partners is a long-term investor specialized in collaborations with family-owned businesses. These partnerships are based on both minority and majority stakes. Bolster invests in exceptional Dutch companies with a clear focus and a proven business model. Bolster supports entrepreneurs in realizing their company’s full potential, by making a difference as equal partners. Since 1982, Bolster has successfully collaborated as an investment company with more than 100 enterprises.