H&Z Delivers CDD for Haspa BGM Deal
H&Z delivered commercial due diligence for Haspa BGM’s majority acquisition of Sandmaster, assessing market position, business model, and growth potential.
Haspa BGM to acquire majority stake in Sandmaster – H&Z advised conducting Commercial Due Diligence
During the transaction process, H&Z provided commercial due diligence (CDD) support to Haspa BGM. The assessment focused on evaluating Sandmaster’s business model, market positioning, and competitive environment.
Headquartered in Wendlingen near Stuttgart, Germany, Sandmaster is a market-leading provider of machine-based cleaning and maintenance services for sand, synthetic, and artificial turf surfaces. Since the early 1990s, the Company has been recognised for its technological leadership, verified quality standards, and environmentally sustainable solutions. With over 150 employees, Sandmaster serves a broad customer base, including municipalities, public facilities, sports clubs, and childcare institutions – both in Germany and in rapidly expanding international markets, particularly France.
With the support of Haspa BGM and the new shareholder structure, Sandmaster aims to further strengthen its innovation capabilities, expand its core services, and enhance its market presence across Europe. The Company’s proprietary cleaning machines, patented technologies, and commitment to sustainability form a solid foundation for future growth.
