Sureserve a leading UK-based provider of compliance and energy services for social housing and the public sector, has acquired the shares of Bonarius and its group companies. This acquisition marks Sureserve’s eighth add-on investment supported by Cap10 and its first international step, since being acquired by Cap10 Partners through a public-to-private transaction in July 2023. The acquisition of Bonarius is a strategic step in Sureserve’s international growth plans. Sureserve identified the Dutch market as a very attractive opportunity with many similarities to the UK. Bonarius offers Sureserve a unique entry point into the Dutch market to provide compliance and energy services to its core social housing customer segment, and a platform for further consolidation.
The current shareholders of Bonarius are enthusiastic about the future as the business enters into its next phase of growth under a new strategic ownership. Sureserve intends to grow Bonarius by broadening its service offering, continuing to innovate sustainably, growing with its long-term and trusted existing clients, expanding regionally, and selectively pursuing acquisitions to build national presence. The Bonarius Academies in Zwanenburg and Zwolle will remain central to talent development and recruitment. With Sureserve, Bonarius has found a supportive partner as it scales up its existing operations to ensure that the business can continue to deliver the highest quality of services and excel over the long term.
Fabrice Nottin, Founder & Managing Partner at Cap10 Partners added “Cap10 has a strong focus on founder and family-led businesses, and we are very proud to support Sureserve in this transaction. We are grateful for the trust which the family and the Bonarius team placed in us to preserve and build upon their legacy.”