Yontec NV, the leading player in Industrial Maintenance throughout the Benelux, under the guidance of EY, has raised capital and the necessary know-how by partnering with Belgian investment fund Indufin.
Hasselt-based Yontec NV today has more than 150 technical employees active in industrial maintenance, 24/7 stand-by services, technical projects and maintenance management. Throughout the Benelux they support production companies and logistics parties quickly, professionally and with a specific approach in daily technical maintenance. Yontec NV is known for its exceptional approach to its employees and digitized lean business processes.
Originated in 2006, the company has experienced strong organic growth in recent years through a relentless focus on mission, vision and strategy. This under the leadership of Davy Jonckers and Peter Manet. Supported by an enthusiastic management team and advisory board, Yontec went in search of a partner who could help them realize this strong growth, both in terms of expansion of industrial services and additional geographical expansion. This they have found in Indufin.
Indufin is an investment fund that focuses on unlisted companies with a stable cash flow. The fund typically invests in companies with a proven track record and clear growth potential and/or ambition. They specifically look for partnerships with Belgian companies where the approach is always tailored to fit. It is mainly the common vision on values, people and strategy that ensured a very strong complementarity between both parties, resulting in the new partnership.
Joris Rome and Jean-François Vryens will be actively involved in the board on behalf of Indufin, as minority shareholders, and act as a sounding board to support Yontec in its further development. This growth will of course continue organically. In addition, the strategic plan also includes very clear buy & build ambitions. The goal is to grow to 50 million euros in sales by the end of 2027 through acquisitions and organic development to become a prominent player in the industrial landscape.
Davy Jonckers: "My motivations are very clear. Namely, to build a Yontec Family that provides great, stable and values-driven employment. Here employees can grow and develop personally throughout their careers. Especially within the spirit of recent years, I think it is important that within the Yontec Family no one feels more or less than their colleague. We are very explicitly aiming for additional industrial services, new regions and even more job satisfaction at Yontec."
Joris Rome: "We are extremely looking forward to continuing to strive for sustainable growth together with Davy & Peter and the entire Yontec Family, while respecting the DNA of the company. We are extremely excited about the future collaboration and see - under the continued leadership of Davy & Peter - enormous opportunities."
Jean-François Vryens: "In my more than 25 years in private equity, I have rarely met such professional, enthusiastic and consistent people as Davy Jonckers, Peter Manet and their management team. Already during the first meeting we established how much we share the same values, business ethics, respect for people and also a strong vision for the future of Yontec. From now on, we will do everything together to further develop the group internally and externally. Always with respect for and in the interest of all stakeholders of the Yontec Family."
EY: "From EY, we are obviously very pleased that we were trusted by Davy and Peter to guide them in this transaction. Looking back on the process, it is clear that the shared value on the interpersonal relationships was the decisive factor in making this transaction a success. We wish the parties every success and are confident that we are only at the beginning of this great story."
