Torqx Capital Partners enters into a partnership with Hoco Parts
Torqx Capital Partners (“Torqx”) is pleased to announce that it has entered into a partnership with the current owners of Hoco Parts, Mr. David O’Neill, Mr. J.P. Bom and Management, regarding the acquisition of Hoco Parts B.V. and its affiliated companies (“Hoco Parts” or “the Company”).
As majority shareholder, Torqx will support Hoco Parts’ management team in realizing their growth plans to further develop Hoco Parts as a leading wholesaler for premium motorcycle products and as a preferred partner for customers, suppliers, and employees.
David O’Neill and J.P. Bom, Directors at Hoco Parts, comment: “We are excited to have Torqx on board to fuel Hoco Parts’ growth ambitions in the coming years. During the acquisition process the Torqx team has clearly showed that they have the relevant expertise and network in this industry. We believe that there are many opportunities out there and are convinced that joining forces with Torqx will accelerate our development.”
Harmen Geerts, Managing Partner at Torqx Capital Partners, comments: “Torqx is impressed by the breadth of Hoco Parts’ product offering, the expertise and service offered to its customers, and its high quality management team. We look forward to actively supporting the Company in its next phase of growth.”
Cedric De Dycker, Partner at Torqx Capital Partners, comments: ”Hoco Parts has developed a leading position in the Benelux on the back of its high quality product assortment, outstanding customer service and logistical performance. We look forward to working with the management team to further develop the Company in the Benelux and explore additional growth opportunities.”
About Hoco Parts
Hoco Parts is a European wholesale distributor of aftermarket parts and accessories for motorcycles. The Company is headquartered in Barneveld (the Netherlands) where it operates a 6,500m² warehouse with a staff of dedicated and professional employees. Hoco Parts focuses on premium motorcycle products from a selection of highly respected suppliers and brands, covering a broad assortment of more than 100,000 references ranging from technical parts, consumables to motorcycle- and rider accessories. Hoco Parts serves more than 2,000 active customers in the Benelux, the United Kingdom and Denmark. For more information, please visit http://www.hocoparts.nl
Torqx invests in medium-sized companies in the Benelux with significant value creation potential. Situations include growth-, buy-and-build-, performance improvement-, turnaround- and transformational investments across a range of industries including manufacturing, distribution and services. Typically, Torqx acquires majority positions based on a partnership with entrepreneurs and management teams, offering the companies smart capital, network, expertise and talent to support the implementation of their plans and achieve their full potential. The Torqx team consists of 8 highly experienced and skilled professionals who look beyond spreadsheets and understand what it takes to do business. Torqx currently invests out of a € 150 million fund backed by reputable international institutional investors and the Torqx team itself. For more information, please visit http://www.torqxcapital.com