10 November 2026
Proposed new ownership to support Toolstation Benelux in its next phase of development as an independent business.
Fidelium Partners, a Munich-based investment firm specialising in corporate carve-outs and businesses with operational improvement potential, today announces that it intends to acquire Toolstation Benelux from Travis Perkins plc. The transaction is expected to complete before the end of the year, subject to completion of the applicable works council consultation process in the Netherlands.
Toolstation Benelux is an omni-channel distributor of tools, building materials and hardware, operating a network of more than 100 branches across the Netherlands and Belgium, supported by its e-commerce platform and distribution infrastructure. The business serves both professional tradespeople and prosumer clients.
The proposed acquisition represents an important opportunity for Toolstation Benelux to build on its established market position and further develop as an independent company. Under Fidelium's ownership, the existing management team, led by Managing Director Phillip Mes, will continue to lead the business and drive its future development. Fidelium intends to work closely with the management team, contributing its experience in corporate carve-outs and operational transformation to support the company's transition to independent ownership and the implementation of management's plans for the business.
Gavin Slark, Chief Executive Officer of Travis Perkins plc, commented:
“We are pleased to have reached an agreement with Fidelium Partners for Toolstation Benelux. The proposed transaction represents another important step in simplifying our Group and focusing our resources on our core UK businesses. I would like to thank our colleagues across the Netherlands and Belgium for their continued commitment to Toolstation. Fidelium has significant experience in supporting businesses through periods of transition, and we believe they are well placed to support Toolstation Benelux in the next phase of its development.”
Phillip Mes, Managing Director of Toolstation Benelux, commented:
“The proposed transaction with Fidelium marks an important step towards a new chapter for Toolstation Benelux. Fidelium shares our belief in the potential of the business and brings the experience and entrepreneurial approach required to support us in realising that potential. Together with our colleagues across the Netherlands and Belgium, we look forward to building on the strong foundations of Toolstation and further developing the business for our customers.”
ENDS
About Travis Perkins plc
Travis Perkins plc is the UK’s largest distributor of building materials to trade customers. The Group operates market leading businesses, including Travis Perkins Builders’ Merchants, Toolstation and a number of specialists in the civils market (Keyline), heating and ventilation (BSS) and drylining and insulation (CCF), and many more. The company has a proud heritage that spans over 200 years.
About Fidelium Partners
Fidelium Partners is a Munich-based investment firm specialising in complex corporate carve-outs and businesses with operational improvement potential across Europe.
Backed by German entrepreneurial families and its own investment team, Fidelium manages two investment funds with total assets under management of EUR 253 million. The firm pursues a long-term investment approach without predetermined holding periods.
Fidelium has extensive experience in acquiring businesses from international corporations, including Bosch, Panasonic, Hempel and Antolin. Through its dedicated in-house operations team, Fidelium works closely with portfolio company management to support the transition to independent ownership, operational transformation and sustainable long-term development.
Advisers to Travis Perkins included EY (Restructuring, Tax and Technology), EY Parthenon (M&A), HVG Law and Freeths (Legal). Fidelium was advised by Denning Advisors (M&A), Valantic (IT), Baker Tilly (Tax) and Lexence (Legal).
