Torqx Capital Partners enters into partnership with Wijlhuizen Group
Torqx Capital Partners (“Torqx”) is pleased to announce that it has entered into a partnership with the owner of Wijlhuizen Group (“Wijlhuizen” or the “Company”), the Benelux market leader in the distribution of truck and trailer parts.
Wijlhuizen offers a highly customer-focused value proposition, characterised by a broad product range, high service level and complementary services. The Company primarily serves transport operators, dealer organisations, wholesalers and large independent commercial vehicle workshops throughout the Benelux.
Henk Wijlhuizen, owner of Wijlhuizen Group: “This partnership marks an important step for Wijlhuizen. In a sector that is consolidating and in which both customers and suppliers are increasing in scale, we aim to further strengthen our leading market position. To safeguard our independence, future growth and long-term competitiveness, we have chosen to partner with Torqx. Torqx has a strong reputation and extensive experience in automotive and technical distribution businesses. As a professional shareholder with a long-term entrepreneurial mindset, Torqx is committed to the long-term success of our Company. I very much look forward to our cooperation.”
Sander Bredewout, CEO of Wijlhuizen Group: “From our very first meeting, there was a strong fit with Torqx. They have a clear vision of the market and of how Wijlhuizen can accelerate growth, further professionalise and strengthen its position, while preserving our family DNA and customer-centric approach. With Torqx, we are not only welcoming a financially strong partner to support further expansion, but also a partner that brings relevant experience and a strong network.”
Justus Hollander, partner at Torqx Capital Partners: “Wijlhuizen is the Benelux market leader in the distribution of truck and trailer parts. This position is the result of decades of family entrepreneurship and a strong customer-oriented company culture. Customers choose Wijlhuizen for its reliability, speed and the added value delivered by true specialists. We see significant opportunities to further strengthen Wijlhuizen’s leadership position and very much look forward to working with Henk Wijlhuizen, Sander Bredewout, Gerrit Prins and all employees of Wijlhuizen.”
Completion of the transaction is subject to approval by the Dutch Authority for Consumers and Markets (ACM).
About Wijlhuizen Group
Wijlhuizen Group is the Benelux market leader in truck and trailer parts. Through its wholesale businesses Wijlhuizen and Beneparts-Remco, the Group operates 12 locations across the Netherlands and Belgium and offers a product range of more than 350,000 products.
With a strong family DNA and innovative solutions such as the Connects e-commerce platform, the Company serves transport operators, dealer organisations, wholesalers and large independent commercial vehicle workshops. Through its TruckXL workshop concept, Wijlhuizen Group operates the largest and most professional independent commercial vehicle workshop network in the Benelux.
For more information, please visit www.wijlhuizen.com.