Glaspunt partners with Cire Invest for sustainable business growth
July 18, 2024
Investment firm Cire Invest has acquired a majority stake in Glaspunt, the leading nationwide platform for glass repair and replacement. With over 45,000 service requests annually and branches in every province, Glaspunt is the largest glass service provider in the Netherlands. The strategic acquisition by Cire Invest will support Glaspunt in expanding its customer base within the business-to-business (B2B) segment. Alongside Cire Invest, Arjen Oude-Alink, Joris Janssen, and Thomas Eiting from Glaspunt’s management team will also join as shareholders.
New service models for the B2B market
In recent years, Glaspunt has successfully built a growing organization with a proven leadership position in the consumer market and is now ready for the next phase of development. With strategic support, expertise, and financial resources from Cire Invest, Glaspunt will now also focus on developing propositions that fully unburden business clients. This includes new service models for glass damage repair as well as real estate sustainability upgrades in line with current legislation, using insulating glass.
“The expertise and nationwide reach of Glaspunt offer significant opportunities in the B2B market,” says Bas Cornelissen, Investment Director at Cire Invest. “The process of repairing glass damage, especially for multisite companies, can become much simpler and more efficient. Additionally, there are major opportunities in replacing old glass with energy-efficient and sustainable alternatives, helping clients comply with energy label requirements and improve the energy performance of their buildings.”
New shareholders
Alongside the investment from Cire Invest, Arjen Oude-Alink, Joris Janssen, and Thomas Eiting from Glaspunt’s management team will also become shareholders. This step underlines the management team’s confidence in the company’s future and their commitment to working with Cire on the new market development strategy. Festos Investments, Glaspunt’s former majority shareholder, will remain involved with a minority stake.
Arjen Oude-Alink, COO of Glaspunt, explains: “Partnering with Cire Invest allows us to elevate our services to the B2B market, enabling us to make a bigger impact in terms of customer satisfaction and sustainability. This strengthens our position and ensures a future-proof business model.” Joris Janssen, CMD, adds: “Cire’s entrepreneurial mindset and experience in the B2B services market made a strong impression on us and give us great confidence in Glaspunt’s next phase of development. We’re very excited to join forces and shape sustainable growth together.” CFO Thomas Eiting emphasizes: “With Cire as an active shareholder, we’re able to continue growing independently with a clear strategic direction. We look forward to working with the Cire team toward a successful future.”
About Cire Invest
Cire Invest is an investment firm with a clear focus on the B2B sector. Since 2012, the investors behind Cire have used their own entrepreneurial experience to support mid-sized companies by providing both capital and expertise. As a result, companies are able to realize their full growth potential and maximize value.
About Glaspunt
Glaspunt is the Netherlands’ leading platform for glass repair and replacement. With 35 years of experience, nationwide coverage, speed, and a wide range of services, Glaspunt provides high-quality, reliable solutions around the clock for both private and business customers.