A fund managed by Finnish private equity company Sentica Partners has acquired majority stakes in Kanta-Kaivu Oy, Cendigo Oy and Kallionporaus Arto Soininen Oy, three specialized infrastructure construction companies.
The transaction brings the companies under one parent entity with key individuals from each company remaining with the new Group as significant minority owners.
Kanta-Kaivu, Cendigo and Kallionporaus Arto Soininen operate mainly in the Greater Helsinki area and focus on delivering demanding projects related to environmental construction and specialized quarrying. The companies hold over 50 years of combined experience in infrastructure construction.
Led by CEO Juha Saapunki, the new Group has over one hundred employees and combined revenue in excess of €20 million. In the following years, the group we aim to grow to a scale of €50m in revenue, through organic growth and with complementary acquisitions.