Transaction

Axcel-backed Acurum Group enters Finland with the acquisition of Grahn Vahinkosaneeraus, Suomen Hormimestarit, and Oulun Kuivaustekniikka Group

Transaction

Axcel-backed Acurum Group enters Finland with three acquisitions

Buy-side

Undisclosed

Role

Adviser to Acurum Group on the acquisition of Oulun Kuivaustekniikka Group, Suomen Hormimestarit and Grahn Vahinkosaneeraus

Sector

Business Services

Region

Finland

We have advised Acurum Group (Acurum), backed by Axcel, on its strategic entry into the Finnish market and the creation of a local platform through the acquisitions of three well-established companies in the field of moisture management and decontamination, ventilation cleaning and maintenance, chimney services, and damage restoration: Grahn Vahinkosaneeraus, Suomen Hormimestarit, and Oulun Kuivaustekniikka Group. 

Acurum is a fast-growing Nordic business services group built around recurring property needs such as inspection, maintenance, and incident management. To establish its presence in Finland, Acurum has acquired leading companies with strong local roots across Finland. These companies are trusted providers with decades of specialised expertise, combining high-quality service with an entrepreneurial mindset, and creating a strong foundation for Acurum Finland. 

Established in 2024, Acurum Group brings together entrepreneur-led companies with strong local market positions, fostering new opportunities through collaboration while allowing each company to stay close to its customers. Following its entry into Finland, Acurum now comprises 23 companies across Sweden, Norway, and Finland, generating an annual turnover of over €100m.

Acurum property services

Entering a new country, it was crucial for us to have the strongest possible start. Clearwater quickly opened doors to dozens of entrepreneurial companies on our behalf, skillfully presented our story in meetings, and managed the process that has already led to three selective acquisitions of top-tier companies. Thanks to their work, Acurum now has an excellent M&A growth platform in Finland. We look forward to continuing our partnership and building on this momentum through future acquisitions.

Peter Feledy, CEO, Acurum Group

We would like to thank Axcel and Acurum for the excellent cooperation during the first phase of this accelerated buy-and-build journey in Finland. The closing of these initial transactions is another strong example of our ability to support clients and their platform companies in expanding into a new country. This was already our eighth accelerated market entry project completed for Nordic private equity investors’ platforms expanding into Finland.

Timo Lappalainen, Partner, Clearwater

Advisers

Transactions