GP Capital Oy, a Finnish family-owned investment company, has become the new majority shareholder of Hoivarakentajat Oy, a specialist in sustainable log construction. Hoivarakentajat is in sound financial health with a strong order book. The company's revenue is expected to grow to approximately EUR 100 million by 2030.
The previous majority shareholder, Mediset Oy, sought and found a successor representing the next generation of ownership – one that is committed to Hoivarakentajat's values and ways of working.
Specialist expertise and customer focus remain solid cornerstones
Hoivarakentajat is recognised for its unique ability to understand its clients' business. The company's operational management and staff will continue in their roles. As part of the ownership change, the operational management's ownership stake increases significantly, and Mediset Oy retains a minority shareholding.
– Our strength as a strategic partner is rooted in a deep understanding of our clients' needs and our ability to create sustainable added value for them in many forms – from the perspective of the end users, the service providers, and the property owners. Our goal is to continue deepening strategic partnerships with our clients and to become an even more attractive partner for larger projects, says CEO Tarmo Kemppainen.
– GP Capital strengthens our ability to expand our service offering and to develop more versatile projects together with our partners. We believe that responsibly constructed log buildings are the best solution for the residents and users our clients serve, Kemppainen continues.
New majority shareholder values people and specialisation
GP Capital is a Finnish investment company whose owners have extensive experience in the construction industry value chain. The company seeks to own businesses where specialist expertise, employee wellbeing, and a customer-oriented culture create clear competitive advantage.
– We had been following Hoivarakentajat for years before this transaction. We were convinced when we saw how engaged the staff are and how highly their clients regard working with them. The company is also on a sound financial status and has been managed exemplarily. We have no intention of changing what works. We bring financial backing and partnership to the operative management, who know this business best, says GP Capital Chairman of the Board Jan Gustafsson.
A solution aligned with Mediset's goals
– Hoivarakentajat has built an exceptionally strong expertise and organisational culture in its field. We were looking for a majority shareholder who would enable that continuity. I am pleased, because the company's new majority shareholder shares the same values and understands what this business is truly about, says the company's founder and former majority shareholder Juha Marttala, CEO of Mediset Oy.
Further information:
Tarmo Kemppainen, CEO, Hoivarakentajat Oy
tel. +358 44 556 9935, tarmo.kemppainen@hoivarakentajat.fi
Jan Gustafsson, Chairman of the Board, GP Capital Oy
tel. +358 400 381 010, jan.gustafsson@gpcapital.fi
Picture: Mediset Oy CEO Juha Marttala, Hoivarakentajat Oy CEO Tarmo Kemppainen, and GP Capital Oy Chairman of the Board Jan Gustafsson at the construction site of Matari daycare centre, Vantaa.
Hoivarakentajat Oy is Finland's largest public log house builder and a pioneer in sustainable construction. We build desirable and long-lasting service buildings made of clean, domestic logs for leading operators in the social welfare, health and early childhood education sectors. hoivarakentajat.fi
GP Capital Oy is a Finnish family-owned investment company that owns and develops specialised businesses with a long-term perspective. The company's owners have extensive experience in the construction industry value chain and in people-centred business leadership. GP Capital believes that the best financial results are achieved when employees thrive and clients feel they are receiving genuine added value. gpcapital.fi
