22-11-2024

VE Partners Acquires Majority Stake in Stainalloy

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VE Partners is proud to announce that it has acquired Stainalloy, a Dutch value-add distributor specializing in exotic steel piping packages. This acquisition marks a significant step in positioning Stainalloy for accelerated growth, particularly in attractive emerging markets shaped by decarbonization and green technologies.

Stainalloy has built a niche reputation as a pioneer in duplex and high-nickel piping packages, offering a specialized portfolio that includes pipes, fittings, flanges, plates, and engineered products. The company operates as a strategic project partner, bridging the gap between clients and manufacturers with a one-stop-shop philosophy. With strong roots in the offshore and petrochemical sectors, Stainalloy is poised to expand its market focus toward emerging green technologies, including blue and green ammonia, hydrogen, carbon capture and desalination.

VE Partners will actively support Stainalloy in accelerating this transition to sustainable end markets, leveraging its expertise in organizational professionalization, operational improvements, and strategic growth initiatives such as buy-and-build strategies.

“We are excited to welcome Stainalloy to the VE Partners portfolio,” said Bob de Lange, Partner at VE Partners. “Stainalloy’s niche expertise, customer-centric approach, and strong market position create a robust platform for future growth. Together, we will drive the company’s expansion into the sustainable technologies shaping tomorrow’s industries.”

Arjan Goedknegt, the CEO of Stainalloy, expressed confidence in the partnership: “Stainalloy has always been a pioneer in our field. With VE Partners’ support, I am confident that the company will achieve its full potential in the evolving energy landscape while continuing to deliver exceptional value to our clients.”

VE Partners has a strong track record of value creation through tailored support for medium-sized companies across the Benelux. Their active involvement includes improving operational efficiency, enhancing profitability, and unlocking growth opportunities. Examples of similar portfolio companies that were supported by VE Partners in transitions towards green end markets are SPT Offshore (suction pile anchors and foundations) and InterDam (blast resistant doors and walls).

This acquisition underscores VE Partners’ commitment to supporting businesses that are well-positioned to thrive in the face of transformative market trends like decarbonization and sustainability.

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