Translink Corporate Finance in Sweden has acted as financial and strategic advisor to Radiator VVS on the sale to private equity firm Consolid Equity.

Radiator VVS was founded in 1924 in Örebro, Sweden and has since established itself as the largest privately owned installation company in the Nordics. Since 2016, Radiator VVS has been owned by Mikael Eliasson, Jan Hallgren, Mikael Johansson, Mattias Persson and Dan Pettersson. During this time, Radiator VVS has more than doubled in revenue and profitability. For 2023, Radiator VVS had a turnover of approximately 1 billion SEK.

Radiator VVS offers specialised services in HVAC and plumbing, industrial pipes, and district heating for public and private sector as well as private households in Sweden. In recent years, Radiator VVS has expanded branch network and in 2023, opened new branches in Eskilstuna, Kramfors and Umeå. This expansion bring to total the number of branches to  23  stretching from Växjö in the south to Umeå in the North.

Consolid Equity is a Swedish investor within business services in Northern Europe, with the goal to build leading businesses within their focus areas. Consolid Equity applies an accelerated buy-and-build strategy to consolidate the industries its portfolio companies are active in. Since establishment, Consolid Equity has completed more than 130 acquisitions.

Anton Danielsson, Director at  Translink Corporate Finance Sweden, said, “It has been a pleasure to work with the owners of Radiator VVS throughout this process. Radiator VVS is an exceptional, well-managed company with a 100-year history and a market-leading position in the Nordics in HVAC and plumbing. With Consolid, there are great opportunities to further strengthen its position and accelerate growth. We look forward to following the company’s progress.”