After an initial Smart Deal in 2018 and several successful acquisitions, Select Group is now writing the next important chapter in its story. A new Smart Deal continues the transition to the next generation of family shareholders and also gives 17 key employees the opportunity to step into the capital. Bart Gonnissen will continue to lead the group as CEO, together with Jelle Destoop (commercial director) and Charlot Van Ussel (operations director). Both of them will also fulfill the role of co-CEO since the end of 2021, in order to eventually take over the torch completely from Bart.
In addition, through the Smart Deal, a shareholder structure was created to enable further growth. The share of investors grew, whereby in addition to the active shareholders, 80 individual investors now support the company with their network and – if opportunities arise – resources to make acquisitions possible. Due to the redesigned organizational structure, where the daily management will be more in the hands of Jelle and Charlot, Bart can now focus more on the buy & build strategy of the group.
The Select Group is a one stop shop for quality HR services. In 2021, the company, 500 employees strong and active in 32 offices across 7 countries, realized a turnover of 130 million euros and an EBITDA of more than 8 million euros. Through a mix of organic and inorganic growth, it is the ambition of the active shareholders to grow over the next five years to a group of 250 million euro turnover and an EBITDA of 15 million euro. SDM-Valorum guided the Smart Deal from A to Z.
