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Fasadgruppen acquires Malercompagniet Oslo, Murpartnern og Meyer-Mørch

Construction

Fasadgruppen continues to grow in the Norwegian market through acquisitions of Malercompagniet Oslo (”Malercompagniet”), Murpartnern (”MP”) and Meyer-Mørch (”MM”

Date 23.02.22
PROJECTMANAGER

Aleksander Karlsen

MANDATE

Buyside

INDUSTRY

Construction

Facadeinstallation / Rehabilitation

Date 23.02.22
PROJECTMANAGER

Aleksander Karlsen

MANDATE

Buyside

INDUSTRY

Construction

Facadeinstallation / Rehabilitation

Malercompagniet was founded in 1991 and is one of the largest façade companies in the Oslo region. The company mainly works in façade renovation projects, focusing on painting, masonry, plastering and roofs. Malercompagniet has 56 full-time employees, and for the financial year 2021, its revenues amounted to approximately NOK 136 million.

Malercompagniet was founded in 1991 and is one of the largest façade companies in the Oslo region. The company mainly works in façade renovation projects, focusing on painting, masonry, plastering and roofs. Malercompagniet has 56 full-time employees, and for the financial year 2021, its revenues amounted to approximately NOK 136 million.

MP was founded in 2005 and has built a strong position within façade renovations in the Oslo region with a strong skillset in masonry, plastering and bricks. The company has 50 full-time employees, and for the financial year 2021, its revenues amounted to approximately NOK 50 million.

MM was founded in 1973 and has a focus on painting and façade projects in Bærum and surrounding areas. The company has 9 full-time employees, and for the financial year 2021, its revenues amounted to approximately NOK 29 million.

Johan Claesson, Business Area Manager Fasadgruppen West, said: “Through the acquisitions of Malercompagniet, Murpartnern and Meyer-Mørch, Fasadgruppen strengthens its position in Norway. We now have a total of 9 companies in the market and a stable platform for continued growth. The companies possess many qualities that we value; a skilled leadership, extensive craftmanship, and strong local market positions.”

Tom Rindal, CEO of Malercompagniet, said: “To become part of Fasadgruppen will ensure our long-term development, capacity and implementation to the benefit of our employees, customers and other cooperation partners. We appreciate the business model where Malercompagniet Oslo, Murpartnern and Meyer-Mørch will continue to operate under their respective brands and take part of the markets and development opportunities that they believe are the most attractive. During the process, we have been able to confirm that Fasadgruppen’s values fully align with our own.”

Fasadgruppen is using available credit facilities and existing cash to finance the acquisitions of all shares in Malercompagniet Oslo, MP and MM. The sellers have undertaken to re-invest part of the purchase price by acquiring existing shares in Fasadgruppen within the next three months for an amount corresponding to NOK 17.4 million. The shares bought under the re-investment are subject to a lock-up commitment for 12 months. The completion of the acquisitions is not subject to any conditions. Fasadgruppen intends to complete the acquisitions around 28 February 2022.

Stratema advised Fasadgruppen Group.

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