PHM Group is a leading Nordic provider of residential property maintenance services, caring for the homes of around one million Finns, Swedes and Norwegians. Norvestor’s strategy is to consolidate the defensive, profitable and fragmented Nordic market. Digitalization of the business will be accelerated to further efficiency, add-on sales and customer service. PHM business model is conducive for M&A, with local operational autonomy and central service provision. The business model’s resilience during the Covid-19 times has been supported by the high share of recurring revenues from a diversified customer base, and the Company’s role as a provider of essential services.
- Investment date: April 2020
- Country HQ: Helsinki, Finland
- Industry: Residential property maintenance
- Sales 2022: 556 M EURO
- Fund: Fund VIII
- Web page: www.phmgroup.fi/