Segulah partners with Enstar AB to support its ambition to build a leading platform within energy optimization. Enstar develops, builds, refines, and services real estate energy systems with a focus on renewable energy, low operating costs and high return on investment. The company was founded in Stockholm in 2004, has 35 employees and revenues of SEK 170m (2022). Over the past 5 years, Enstar has had an average yearly revenue growth of +18%. Segulah becomes a significant owner in Enstar in partnership with Peas Industries AB and senior executives in the company.
“We are very pleased to welcome Segulah as a partner. We are convinced that Segulah’s experience of companies focusing on technical installations as well as of building successful groups through acquisitions will strengthen Enstar and help us achieve our vision of a 100% sustainable and renewable energy sector”, says John von Wowern, CEO Enstar AB.
“One of the biggest challenges in the energy transition is building platforms and teams that can scale up and deliver systems and services to accelerate the transition. With Peas and Segulah as majority owners Enstar is well positioned to take a leading position in the market”, says Johan Ihrfelt, CEO and Co-founder Peas Industries AB.
“Enstar has a strong position within an attractive and fast-growing market driven by the need to convert to sustainable energy systems. The investment fits very well into our strategy of investing in companies that are active in markets with long-term structural growth. We look forward to accelerating the future growth journey together with Peas, management, and employees, both through organic growth and acquisitions”, says Oskar Oxenstierna, Partner, at Segulah VI Advisor AB.
For further information please contact:
Oskar Oxenstierna, Partner, Segulah VI Advisor AB
+46 73 90 90 947, oxenstierna@segulah.se
John von Wowern, CEO, Enstar AB
+46 8 522 356 05, john.vonwowern@enstar.se
