MB Funds to support the growth and international expansion of Alltime
Finnish infrastructure and property maintenance company Alltime Oy gets MB Funds, a private equity company with over 30 years of experience, as its main owner in the transaction signed on 22 October 2021. The founder and the current shareholder of Alltime, Jussi Tuohino continues as a board member and a significant shareholder in the company and as MB’s partner to further develop the company in the next growth phase
Entrepreneur Jussi Tuohino established Alltime in 1996 and especially during the recent years the company has grown rapidly. Alltime takes care of the built environment by offering broad maintenance services with focus especially on maintenance of public infrastructure and properties. Alltime has grown into a nationwide operator but at the same time has been able to maintain a strong local presence that is essential in enabling quick and easy point-of-contact for the customers and other key stakeholders. The company is known for its high quality operations and trustworthy client relationships. Today, Alltime has net sales of around 30 m€ and the company employs around 250 professionals of infrastructure and property maintenance.
”Alltime is one of the leading infrastructure and property maintenance providers in Finland that has demonstrated its capabilities by growing strongly in the recent years. Together with his team, entrepreneur Jussi Tuohino has developed a truly caring culture that is evident by high quality service and trustworthy operating model. Alltime’s employees are true professionals in their fields and company has excellent possibilities to continue growth in Finland and to expand to neighboring countries in the future years”, comments Kimmo Vanne, partner of MB Funds.
With the increased resources, Alltime plans to invest in the growth and development in the coming years. Further acquisitions will also be considered.
”It has been an honour for me to guide Alltime to this size but my vision to internationalize Alltime and further increase the growth required a professional partner for us. The most important thing for us was to get the right partner who shares our values and active way of working that has always been part of Alltime’s core. We are convinced that MB Funds is the right partner for us to continue our growth story”, states Jussi Tuohino, entrepreneur and current chairman of the board in Alltime.
The closing of the transaction requires competition authority’s approval, and the target is to complete the acquisition as soon as possible.
Further information:
Kimmo Vanne
Partner, MB Funds
+358 (0)40 552 8398
kimmo.vanne@mb.fi
Jussi Tuohino
Chairman of the Board, Alltime Oy
+358 (0)40 029 2800
jussi.tuohino@alltime.fi
Alltime briefly
Alltime, established in 1996, is Finnish infrastructure and property maintenance company that has a nationwide reach but still a local presence close to its clients. Company has net sales of around 30 m€ and it employs ca. 250 persons. www.alltime.fi
MB Funds briefly
MB Funds is the leading Finnish private equity investor founded in 1988. Total assets under MB Funds management stand at 0.5 billion euro with prime Finnish institutions as its main fund investors. MB Funds has successfully invested in over 40 mid-sized companies in the Nordics. www.mb.fi