Elcoline Group Oy
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Elcoline Group Oy - overview
Established
2002
Location
Varkaus, -, Finland
Primary Industry
Construction
About
Based in Varkaus, Finland, and founded in 2002, Elcoline Group Oy, a. k. a. Elcoline operates as a provider of contracting and maintenance solutions that include the building, repair, demolition, and relocation of industrial facilities such as warehouses for customers in the maritime, petrochemicals, metals, mining, energy production, and construction sectors.
In June 2023, a consortium led by Elite Alfred Berg, including Elo Mutual Pension Insurance Company, Tesi, and Arvo Sijoitusosuuskunta, invested EUR 20 million in Elcoline Group Oy. The company provides a wide range of industrial maintenance services and the implementation of demanding technical projects, including outsourcing of total and partial maintenance, service agreements, demanding installation projects, mechanical installations, electrical, automation, and instrumentation work, piping installations and welding, mechanical engineering of parts for the energy industry, and more to multiple sectors, such as marine, steel, chemical, forest, mining, energy, defense, and industrial building services. The company plans to use its proceeds from June 2023 funding to continue its acquisition-driven growth story and reorganize the current ownership structure.
Current Investors
Tesi, Elo Mutual Pension Insurance Company, Elite Alfred Berg
Primary Industry
Construction
Sub Industries
Facilities & Maintenance Services, Construction
Website
www.elcoline.fi
Verticals
Infrastructure
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Elcoline Group Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Elcoline Group Oy | - | ||||||||
| Trade Sale | Completed | Maintpartner AB’s business in Sweden | - |
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