The established Restok Group will be built into a strong and versatile customer-focused group for renovation construction. Expanding the ownership base will enable strategic acquisitions in addition to organic growth.
Restok, a pioneer in Lean construction in Finland and specializing in renovation construction, is expanding its ownership base to enable the development and expansion of Lean construction to the next level in Finland.
Founded in 2009, Restok has invested in the best know-how in renovation and renovation, good schedule management and careful project management. Customers have liked the way Lean construction is being developed by Restok, because while Restok’s net sales in 2016 were still around EUR 5 million, in 2020 the net sales were already over EUR 16 million.
“Now is the time to take the next step in developing Lean construction. We are building a Restok Group around Restok based on Lean construction expertise. Therefore, Kare Invest Oy will join our operations as a new shareholder with a 40% stake. The goal is to enable even higher quality and more diverse services for our customers, ”says Jouni Järvenpää, Restok’s main shareholder and CEO.
In the same context, the ownership base will also be expanded with the participation of key personnel. Restok’s new personnel shareholders are Jussi Wirgentius and Eero Meriö.
Kare Invest Oy is a Finnish investment company owned by Jake Aalto and Pekka Viljakainen. The company invests primarily in three clusters: People and Services, Renovation and Industry. Restok Group is Kare Invest’s first investment in the renovation industry.
“Our goal is to help Restok Group develop its operations and grow profitably into a major renovation builder as a pioneer in Lean construction, both organically and through strategic acquisitions,” says Jake Aalto as the new Chairman of the Board of Restok Group.
Mergero acted as a sell-side advisor for Restok Oy.