Busker

New shareholders but still a family business

After being owned by the Busker family for nearly 70 years, the company embarked on a new chapter in its history with a management buy-out. “Together with Legia Capital, we want to carry on building the organisation so that Busker can continue to be a strong company in the future.”

Market leader

Busker is a market leader in the Netherlands in steel sheet pile driving, which involves installing piles in the ground during major infrastructure works. The company focuses on constructing large pipelines in the Netherlands, Germany, Belgium and Denmark, as well as on landfall and buried pipe projects. By constructing district heat networks and developing onshore wind power projects, Busker is increasingly contributing to a sustainable energy transition. The company’s Sales Director can pinpoint the secret of that success down to one key factor: “Our employees are able to work extremely efficiently and independently because they’re so well attuned to each other. That enables us to meet tight deadlines.”

Preserving family values

Led by a three-strong management team, Busker has posted some excellent results in recent years while managing to retain the firm’s family character. “In Legia Capital, we found an external partner who understands what a family business is. They are committed to ensuring that we will continue to be family-driven, despite a different shareholding structure. We felt that both Bernard and the whole Legia team were seeking to truly understand the business without getting fixated on the financials.”

Building market knowledge

“Legia’s main task was to ensure that the incumbent management could pass on their knowledge effectively and in time. The people at Legia offer us sound support on issues we don’t have enough time or know-how to deal with ourselves. For instance, they’ve helped us get a better idea of what we can expect in our market over the next five years. They also worked hand in hand with us to find new members for our management team.”

We felt that both Bernard and the whole Legia team were seeking to truly understand the business without getting fixated on the financials.

Busker Sales Director

Activity:

Pile driving involving temporary installation of steel sheet piling https://www.buskerbv.nl/

Type:
Management buy-out

Investment date:
June 2022