Vaaka sells Finnish roofer to Sentica's Hämeen Laaturemontti

Vaaka sold the 60% stake in Nesco it had acquired in a 2011 buyout with capital from its Vaaka Partners Buyout I fund.

For Sentica, the acquisition marks the first bolt-on for Hämeen Laaturemontti since the GP became a majority shareholder in March 2014.

Nesco and Hämeen Laaturemontti's CEOs said the deal would allow the new group to offer its services to a broader market and pave the way for further offerings in Sweden.

The transaction is subject to the approval of the Finnish competition authority.

Company
Nesco is a Finnish rainwater and roof safety systems installer based in Orimattila, near Helsinki.

The company was founded in 1981 and employs a workforce of 280; the new group will employ 500 people.

People
Sentica Partners – Pentti Tuunala (partner).
Vaaka Partners – Reijo Grönholm (partner).
Nesco Group – Esa Mäki (CEO).
Hämeen Laaturemontti – Kimmo Riihimäki (CEO).

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• Topics
• Exits
• Expansion
• Nordics
• Industrials
• Trade sale
• Vaaka Partners Ltd (Formerly Pohjola)
• Sentica Partners
• Finland
• Build-up