BPG Building Partners Group, a subsidiary of Aurelius Equity Opportunities SE & Co. KGaA, is acquiring Container Handelsbüro Peter Bonitz e. K., headquartered in Berlin, as part of an add-on acquisition from the previous private owner as part of a succession solution. Aurelius announced this today. For Building Partners Group, the acquisition is an ideal addition to its service portfolio in the field of construction logistics, which is active nationwide under the independent brand “LoXite”. The parties have agreed not to disclose the financial details of the transaction concluded yesterday.
The Container Handelsbüro Peter Bonitz is active in the rental and trading of containers for the construction industry. These include steel box containers, sanitary facilities and containers for office facilities and buildings. The range of services includes transport, disassembly/assembly of containers as well as additional services such as cleaning and repair. The container business complements LoXite’s construction logistics portfolio with another important building block and enables the company to leverage significant synergies through cross-selling with BPG’s other activities. So far, containers have been rented partly from third-party providers.
Growth through targeted add-on acquisitions
“This acquisition follows Aurelius’ strategic investment approach of developing its Group companies in a sustainable and growth-oriented manner through targeted add-on acquisitions. BPG is an appropriate example of this, and we have already successfully expanded the company in recent years,” says Matthias Täubl, CEO of Aurelius Equity Opportunities.
The BPG Group, based in Wandlitz near Berlin, is a leading scaffolding and construction services company operating nationwide. The company sees itself as an expert in all aspects of scaffolding. In addition, the BPG Group offers a comprehensive range of services relating to construction site equipment and construction logistics. These include, for example, elevator and lifting technology, winter construction and building heating, construction electricity, construction water, logistics control and support.
Since the takeover in 2014, Aurelius has been supporting the BPG Group operationally and financially in the implementation of the targeted growth strategy and the expansion of business activities throughout Germany. In the past, BSB Bau- und Spezialgerüstbau Franke & Wagner GmbH, the activities of the Munich scaffolding builder Gustav Raetz and most recently GSB Gerüstbau were taken over in March 2021. In the future, the BPG Group plans to further expand its market share in the DACH region through organic growth in combination with targeted inorganic growth measures.
The Aurelius Group is a pan-European asset manager with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg. The main investment platforms are the Aurelius European Opportunities IV fund and the exchange-traded Aurelius Equity Opportunities SE & Co. KGaA (“AEO”; ISIN: DE000A0JK2A8, stock exchange symbol: AR4), which acquire group spin-offs and companies with development potential in the midmarket segment (fund) and in the lower midmarket segment (AEO). The core element of the investment strategy is the operational support of the portfolio companies with a team of almost 100 own operational task force experts. In addition, Aurelius is active in the business areas of growth capital, real estate opportunities and alternative forms of financing.