Nordian sells its majority stake in Pos Service Holland (PSH) from Ankeveen to WAI Global. PSH is the European market leader in the distribution of starters and alternators for the automotive aftermarket. In recent years, the company has quadrupled its size thanks to targeted organic growth and strategic acquisitions. This acquisition provides PSH with new opportunities for further growth, and the combination with WAI Global creates a global market leader in the sector.
Gregor Beusmans, Managing Partner at Nordian, explains: "Since our investment in 2018, we have worked closely with PSH's management to achieve strong growth. This included strengthening the management team by appointing Alexander Kam as CEO, significant investments in digitalization, moving the logistics operation to Poland, and executing several strategic acquisitions. As a result, revenue has nearly quadrupled, PSH has expanded internationally, and it has become the European market leader in its niche. We are proud of the transformation PSH has undergone and look forward to its further developments under the wings of WAI Global."
Alexander Kam (CEO of PSH) emphasizes this sentiment: "We are very pleased with the sale of PSH to WAI Global. This is an important step for the future of our company. Six years ago, we set up an ambitious buy-and-build strategy together with Nordian, which resulted in a digital transformation, the acquisition of six companies in Europe, and the establishment of two greenfield locations. Thanks to mutual trust and excellent collaboration, we have achieved these results. Nordian has supported us with their strong strategic and financial expertise, while we contributed from our business experience. This partnership has resulted in a true win-win situation. We look forward to continuing our growth with WAI Global and further strengthening our market position."
About WAI Global
WAI Global is a distributor of starters and alternators for the automotive aftermarket, headquartered in Florida, US. In addition to its activities in the US, WAI Global also has locations in the Netherlands, the United Kingdom, Poland, China, and Mexico.