Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, has agreed to acquire Heras (“Heras” or “the company”) from CRH plc. Heras, headquartered
in Oirschot in the Netherlands, is a leading provider of perimeter protection solutions. The company’s management team will also acquire a minority stake in the business. Heras will continue to be led by Gilles Rabot, who joined the business in 2015. The financial terms of the transaction are undisclosed and the acquisition remains subject to clearance from the relevant competition authorities.
Founded in 1952, Heras provides mobile and permanent perimeter protection systems and products including fencing systems, manual and automated gates, hostile vehicle mitigation barriers and electronic perimeter detection products.
The company’s portfolio of medium- to high-security permanent solutions are used in applications ranging from border control, military bases and critical infrastructure through to schools and playgrounds. Its solutions can be tailored and specified to customer needs and supplemented with installation, systems integration, commissioning and maintenance and repair services. The company’s range of mobile protection products are primarily used to secure construction sites and major events, with customers including construction companies, public authorities, event organisers, rental companies, distributors, wholesalers and installers.
The company has a strong European presence, with sales offices in the Netherlands, United Kingdom, Sweden, Norway, Germany and France. Its production facilities are in the Netherlands, Belgium, France, Sweden and the UK. Heras has over 1,100 employees and generates annual revenues of over €220 million.