Groenlo, 12 November 2021 – Progé partners with Committed Capital to further grow the company. Based in Groenlo and founded almost 25 years ago, Progé develops and produces innovative products for the construction sector. The products of Progé enable construction companies to build efficiently, leading to a reduction in man-hours and a more efficient overall construction process.
The company has demonstrated significant growth over the past years, both in renovation and new-build, owing to the quality of their products, increasing construction volumes and a shortage of construction workers. The outlook continues to be very positive as these trends, combined with the expanding product range, will lead to a further increase in the demand for the products of Progé.
The selling owners therefore decided to engage Committed Capital from Amsterdam in order to further grow the company. Committed Capital has a strong track-record of investing and giving hands-on support to growth companies. The selling owners remain on board and the team is expected to expand in the near future to support the further growth of Progé.
Taurus Corporate Finance, based in Deventer, has assisted the shareholders in the sales process.