Torqx Capital Partners enters into a partnership to acquire THB Verhoef
Torqx Capital Partners (“Torqx”) is pleased to announce that it has entered into a partnership with Adriaan Verhoef to acquire Technisch Handelsburo Verhoef B.V. (“THB” or “the Company”). Adriaan Verhoef, the former owner and CEO, will retain a significant shareholding in the Company. THB is a wholesale distributor of technical parts for medium-speed engines mainly for marine but also for industrial applications. Customers are international fleet owners, shipping lines, specialist distributors and power plants that rely on THB for its wide and deep product assortment, best-in-class availability of genuine parts for a broad range of engines, and profound technical expertise and fast & flexible customer service. Torqx will support THB Verhoef in strengthening its specialist position by further broadening the product range of high-quality parts, as well as investing in the expansion of the team at THB. In addition, both Torqx as well as Adriaan Verhoef have the ambition to explore attractive buy-and-build opportunities in order to further strengthen the Company’s leading position.
Adriaan Verhoef, CEO of THB, comments: “We are highly enthusiastic to partner up with Torqx and further extend the success of our family business by building a leader in our niche industry segment. We aim to be at the forefront of our industry by providing a unique offering of parts and components for a broad range of medium-speed engines of various brands, and excel in providing the best service to our customers. Together with Torqx, we have set ambitious growth targets for THB and will pursue add-on acquisitions to expand our footprint.”
Cedric De Dycker, Partner at Torqx, comments: “Based on our extensive experience and strong track record with technical distribution businesses, and the buy-and-build know-how we can bring to the table, we see a strong fit between THB and Torqx. We can help the company to strengthen its position as the leading engine part specialist in its core markets and to realize its full potential by executing on an international growth strategy.”
About THB Verhoef
THB Verhoef is a leading stockist, distributor and service provider of the highest quality and most reputed Original Equipment Supplier parts (“genuine” parts) for medium-speed diesel and gas engines in the market. With its broad one-stop-shop offering of over 40,000 products, THB combines profound technical knowledge with a deep inventory and a high degree of availability to provide its customers with efficient and convenient solutions. THB’s customers range from local vessel owners, shipping companies, specialist distributors to power plants and international fleet owners across the globe. The company’s mission is to improve the efficiency and environmental footprint of existing engines with higher quality parts. THB was founded in 1981 and is headquartered in Zwijndrecht, the Netherlands from which it services its customers across the globe.
For more information, please visit: www.thbverhoef.com