“We are very impressed with Puuilo’s development and the achievements of the management team. The handymen and women of Finland can be sure to find a very wide assortment at a price guaranteed to be easy on the pocket when visiting the company’s stores. Our plan is to give all Finnish people access to this unique concept in the coming years. The company fits our investment criteria well and we look forward to developing the company together with management”, says Rasmus Molander of Adelis.
“We have experienced significant growth in recent years and expanded from being a local player to a company with nationwide presence. The cooperation with Adelis is a natural next step in the development of the company. Adelis will be a strong sparring partner for us and the management competences Adelis brings to bear will be very valuable as we continue implementing our growth strategy. Our goal is to double the number of stores in the coming years. The next store is going to be opened already in March in Oulu”, says Markku Tuomaala, CEO of Puuilo.
Adelis is an active investor and partner in creating value at small and medium sized Nordic companies. Adelis was founded in 2012 with the goal of building the leading lower middle market investment firm in the Nordics. Adelis’ team members have extensive Private Equity experience, have invested in over 50 companies and have been members of the board in more than 50 middle market companies. The current fund size is approximately EUR 400 million.
Puuilo is a family business founded in 1982 as a carpenter’s workshop in Kainuu in Finland. The company is a discount retailer operating a countrywide network of 15 stores and a web-shop. Puuilo’s product offering comprises of renovation related products, tools, car accessories, garden supplies, pet food and supplies as well as household goods. The company has a turnover of approximately EUR 75 million and employs 240 people.Back to transactions