Sentica builds infrastructure group with triple buyout
Finnish GP Sentica has bought Kanta-Kaivu, Cendigo and Kallionporaus Arto Soininen to create Finnish infrastructure construction group Sentikaivu.
The trio of buyouts will be merged into a single group specialising in earthworks for infrastructure projects, with combined revenue of €20m.
Sentica said it plans to grow the new company's revenue to €50m during the lifetime of the investment, through organic growth and add-on acquisitions.
Company
Sentikaivu is the group resulting from the merger of Helsinki-based infrastructure construction companies Kanta-Kaivu, Cendigo and Kallionporaus Arto Soininen. Specialising in broad aspects of infrastructure construction, the three businesses were founded in 1993, 1996 and 2001, respectively.
Kanti-Kaivu offers services around earth excavation and foundation engineering; underground drainage; sewer, pipe and moisture insulation works; environmental construction; municipal engineering; and quarrying and demolition.
Cendigo's focus areas are environmental construction and landscaping, water and sewer systems, planting and paving, as well as various types of yard and earthworks.
Kallionporaus Arto Soininen's offerings include quarrying, blasting, wedging, demolition and reinforcing, as well as machinery and equipment renting.
People
Investment director Timo Sarkki lead the deal for Sentica. The GP has brought on Juha Saapunki to be the CEO of the Sentikaivu group, while the chief executives of Kanta-Kaivu, Cendigo and Kallionporaus Arto Soininen will remain with the group in key roles.
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