Esdec BV

In 2004, in the eastern Netherlands, the Esdec adventure began in a small shed. Founded by installers, brothers Jeroen and Vincent de Vogel along with Theo Smit, the company was born from a simple vision: to make the work of solar professionals easier and faster. They developed smart, lightweight mounting systems for rooftop solar panels, focusing on components that simplified installation, in some cases reducing assembly time by up to 40%. The company started as a small Benelux operation with just over €30 million in sales. Its focus on creating value for the installer, with innovations like tool-less parts and digital project support, helped it gain traction. A significant turning point came in 2018 when private equity firm Rivean Capital acquired the company alongside the management team. This partnership set Esdec on a path of rapid expansion. Through organic growth and six strategic acquisitions in Europe and the US, the company transformed into a global industry leader. This growth trajectory culminated in December 2022, when Blackstone, one of the world's largest alternative asset managers, acquired a significant stake in the company, joining Rivean as a strategic partner. By this time, Esdec's sales had soared to nearly €500 million. The investment from Blackstone was aimed at accelerating Esdec's growth even further, solidifying its position as a key player in the global energy transition.