Heniff: Acquires Combo Group in Dutch Transport Expansion
Deal News | Dec 17, 2024 | Newswire Business
Based in Oak Brook, Illinois, Heniff, a leader in liquid bulk transportation services, has announced the acquisition of the Netherlands-based company Combo Group. This acquisition marks Heniff’s second European deal this year in the bulk transportation sector. Located in Born, Combo Group provides transport and logistics services, focusing on food-grade tank cleaning and maintenance, serving many European customers. The company is strategically situated near major transport connections in Europe and operates additional facilities in Geleen, Netherlands and Straelen, Germany. Heniff aims to leverage this acquisition to expand its European operations, backed by shared cultural values and customer-focused approaches between the two companies. Bob Heniff, CEO of Heniff, expressed enthusiasm about scaling operations in Europe, while Jan Van Erp of Combo Group highlighted the milestone significance for Combo, appreciating Heniff’s commitment to service and safety. While the terms of the transaction remain undisclosed, this strategic move signifies Heniff's growing footprint in Europe's bulk transportation and logistics market.
Sectors
- Transportation and Logistics
- Maintenance and Repair Services
Geography
- Netherlands – Combo Group is based in Born, Netherlands, and operates additional facilities in Geleen, reflecting its strategic importance in the European transport sector.
- United States – Heniff, the acquiring company, is based in Oak Brook, Illinois, United States.
- Europe – The transaction involves entities with operations across Europe, particularly emphasizing the strategic location near major European transport routes.
Industry
- Transportation and Logistics – The article focuses on the acquisition of Combo Group, a company providing transport and logistics services, by Heniff, a leader in liquid bulk transportation services.
- Maintenance and Repair Services – Combo Group's services include maintenance and repair of transport equipment, making this industry classification relevant.
Financials
- Not disclosed – The financial terms of the acquisition between Heniff and Combo Group were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Heniff Companies | Acquirer | Company | Heniff is North America’s leader in liquid bulk transportation services and the acquiring entity in this transaction. |
| Combo Group | Target company | Company | Combo Group provides transport, logistics, food-grade tank cleaning, and maintenance & repair services and is the target of the acquisition. |
| Jan Van Erp | Founder, Owner | Person | Founder and owner of Combo Group, involved in the acquisition discussions. |
| Bob Heniff | CEO | Person | Founder and Chief Executive Officer of Heniff, leading the acquisition strategy. |
| Dan Furth | Executive Vice President | Person | Point of contact for Heniff regarding the acquisition. |
| Roy Beelen | Financial Director | Person | Financial Director of Combo Group. |