Netherlands-based SRBA Group has made a move into the US with a new acquisition.
The cleanroom and controlled environment expert has acquired a 60% stake in cleanrooms construction company Corporate Construction Inc.
The acquisition was finalised on the 22nd October.
This company specialises in building cleanrooms for the American market.
This acquisition fulfils SRBA Group's promise to expand its workforce through international-level mergers and acquisitions.
Corporate Construction's portfolio includes clients in high-tech and life sciences sectors
Corporate Construction is based in Connecticut, directly adjacent to New York, in Brookfield. Founders Jonathan Draper and Joseph Viola will continue to lead the company with 50 employees in permanent positions.
The company has over 25 years in the industry and up to 150 flexible colleagues.
The new “Corporate Construction SRBA” will continue the construction and project management activities in the US
Corporate Construction's portfolio includes clients in high-tech and life sciences sectors, spanning nationally across the US.
The new “Corporate Construction SRBA” will continue the construction and project management activities in the US for the industrial and commercial market.
The revenue will come from residential, maintenance, and renovation projects, focusing mainly on Connecticut and surrounding states.
The goals of the Brecon-Muller Afbouw merger
At the beginning of 2023, the merger of Brecon Cleanroom Systems and Muller Afbouw Groep led to the creation of the new SRBA Group.
Two high-priority strategic goals were established: expanding the Controlled Environment (CE) division to the US market through mergers and acquisitions and surpassing the group turnover target of €100 million by 2025.
SRBA states that this is now on track to happen.
Corporate Construction expects to achieve a turnover of $65 million in 2024.
In recent years, the controlled environment (CE) market has grown strongly, with revenue of $50 million, the largest division within the organisation. Nearly 60% of this CE market share is in the US, with its strong reputation in high-end sectors such as healthcare and (bio-)pharma, accounting for 40% of market demand.
Next challenge: Germany
"The management of the Dutch CE division is eager to share the various product systems and collective knowledge as quickly as possible to expand our customer base on both sides of the ocean as a full-fledged CE partner with new relationships in the mentioned market sectors," said Wim van Ree, CFO of the SRBA Group, responsible for M&A.
"It was a great challenge for the SRBA Group to achieve this acquisition in America," van Ree. "The next challenge is now to drive our growth with an acquisition in the German-speaking CE market!"
Image credit: Corporate Construction SRBA