Credo Partners creates an electrical installation group in Denmark
Press release, 20 January 2023
Credo Partners is establishing the leading multi-local electrical installation group together with four local installation companies in Zealand, Denmark. The owners’ ambition is to grow through acquisitions of well-run installation companies with strong local positions and to professionalise a fragmented industry in cooperation with skilled owners and employees.
- The group will be an attractive community of owners for reputable and forward-looking installation companies in Denmark. The installation companies will continue to deliver the service, quality, and customer service for which they are known. In addition to being local, the companies become part of a group with shared capabilities and skills. Over time, we will build a group function that offers value-adding services to the installation companies in areas such as marketing, digitalisation, IT, HR, career development, and service development, says Søren Torp Laursen, chairman of the group.
- We are happy to announce that we have signed a contract with Anders Colding Lund Petersen, who has taken on the responsibility of bringing together and developing the group going forward. Anders Colding has extensive experience as an entrepreneur and director in the installation industry and comes from the role as one of the former directors of one of the group companies. He will ensure the implementation of our shared strategy and establish an operating model for the group together with the other owners and managers, says Laursen.
Collaboration on a better offering for employees, customers and business partners
Owners and managers in the group are highly motivated to build a leading offering for employees, customers and business partners.
- A desired situation is now becoming reality. It is a good idea to gather well-run installation companies, each with their professional qualities and understanding of local customer needs, and to further strengthen them through operational improvements and business development. The founder-owners and I have high expectations for the partnership and can hardly wait to get started. We are already in search for talented colleagues across the country who are motivated to take part in our joint journey, says Anders Colding Lund Petersen.
- We see a clear tendency in our industry towards increasing controls and requirements for documentation. At the same time, many tasks require specialised expertise, which in turn requires a certain volume if you are to be competitive. Our setup will bring together all the best from “the local installer” and combine it with the strengths of being part of a group – so the term “multi-local” paints a good picture of where we are heading, concludes Lund Petersen.
For questions regarding the transaction, please contact:
Søren Torp Laursen
Head of Denmark
+45 2030 8778 | email@example.com
About Credo Partners
Credo Partners has since 2003 developed small- and medium-sized businesses in partnership with entrepreneurs
Through its 11 companies, Credo Partners has over 1,900 employees in primarily Norwegian and Danish companies. Read more at www.credopartners.no
About the group
The group consists of four local electrical installation companies from start, geographically located in the West and South Zealand, Denmark
The companies provide services within electricity, control, energy optimisation, heating and ventilation, solar energy, fire safety and security systems
In 2022, the group had a turnover of DKK 130m distributed among approximately 110 skilled employees