Investor Berk Partners sells HSU Group to management and to M80.
Investment fund Berk Partners and the two founders have sold all shares of the Eindhoven-based HSU Group. The buyers are the management of HSU and the Belgium-based investment company M80.
HSU focuses on making public transport rolling stock ready for use and on specialist cleaning such as graffiti removal, road surface cleaning and facade cleaning. HSU organizes crucial tasks such as refueling, loading, shunting, cleaning and replacing fluids for buses and trains, with the aim of fully unburdening public transport operators.
Founded in 2018, M80 is a Brussels-based investment company with interests in companies in the Benelux and France. One of M80's holdings is the bakery chain Le Pain Quotidien.
“HSU is enthusiastic about the fact that we can now further roll out our growth plan together with M80 and that we will be able to make an important step forward in the Belgian market - where we are not yet active", say founders Hüseyin Taskent and Sertan Urganci. “HSU has experienced very positive development in recent years, both in turnover and results, and with M80 as the new co-owner, I expect this growth to continue.”
