We invest in B2B services companies targeting infrastructure sectors — not in infrastructure assets. We back companies that build and maintain the systems that society depends on.
Market Drivers
Nordic governments have committed €300B+ to infrastructure investment. The companies that build and maintain these systems operate on long-term public contracts with non-discretionary spend.
Delivery is dominated by many small, privately owned specialist firms. Scale players are scarce — creating a clear consolidation opportunity for operationally focused buyers.
Demand is growing faster than the sector can deliver. Skilled labour is the bottleneck, and the companies that can attract, retain, and deploy field teams at scale will capture disproportionate value.
What We Look For
B2B field services companies serving infrastructure end-markets across Norway, Sweden and Finland. Businesses where operational expertise, not capital alone, is the key to generate growth, improve companies and to unlock value.