Sustainability consultancy Nexio Projects kicks off next growth phase

International sustainability consultancy Nexio Projects has landed fresh funding to drive the firm’s next chapter of growth.

Founded nearly six years ago, Nexio Projects has since its inception grown into a 50-strong team operating from offices in the Netherlands, Belgium, and France. The firm helps its clients develop their decarbonisation pathways, reduce their carbon footprint, implement green change, and drive broader ESG impact.

“We’re proud of what our team has achieved so far – we have served over 300 customers across 25 countries and sectors,” said Marc Roodhuyzen de Vries, CEO of Nexio Projects. “With this milestone, we are thrilled to further grow and realise our common ambition: helping to shape more responsible, purposeful, and impactful organisations.”

Investor Torqx Capital Partners is a Netherlands-based private equity group focused on mid-market investments.

Harmen Geerts, Managing Partner and Chief Investment Officer of Torqx, said that Nexio Projects stood out for its “exceptional business and team” operating in a market that is touted for further growth. According to analysis by Verdantix, the sustainability consulting market will grow consistently by double-digits in the coming years, opening up avenues of opportunities for specialist consultancies such as Nexio Projects.

“We see huge growth potential in the sustainability services sector as companies are facing large challenges in this decade of action and believe that Nexio Projects has the right foundation to becoming one of the sustainability solutions market leaders,” said Geerts.

Joris van Aken, Investment Manager at Torqx, added: “We are very impressed with the achievements of the entire Nexio Projects team to build such a professional and leading company in a relatively short time span and admire the company’s distinctive culture that attracts the best purpose-driven talent.”

With its added financial muscle, Nexio Projects – a B Corp and EcoVadis Platinum rated company – will seek to beef up its team, push for further international growth from its headquarters in Rotterdam, and pursue complementary strategic add-on acquisitions.

“Torqx’ understanding of our company’s strengths, values, vision will permit us to scale our positive impact on people and planet and permit us, together with our partners and clients, to accelerate the sustainability transition globally,” stated Roodhuyzen de Vries.

Terms and conditions of the deal have not been disclosed. Partners Marc Roodhuyzen de Vries, Paul Keser, Cilia Keser and Felix Keser will continue to lead the company as active co-shareholders.

The news continues a run of consulting firms that in recent months have turned to private equity for financing their growth ambitions. Research by corporate finance house Equiteq shows that in 2022, over a third of deals in the consulting space involved financial sponsors on either side of the deal table.