QMG – Adelis Equity

About QMG

QMG is a Finnish technical building services contractor. The company operates with a decentralized model where what is done is decided locally (project selection, etc) but how it is done (reporting models, KPIs, follow-ups, etc) is centrally controlled.

The Journey

Creating technical building services contractor structured to deliver long-term sustainable profitability and cash-flow Key Highlights:

Implemented new operating model with local decision making but central control
Executed more than 15 add-on acquisitions
Divested Russian operations
Grew service business from less than 10% to more than 50% of sales
Doubled revenues to more than EUR 200 million and quadrupled profits from entry (2017) to exit (2021)

”QMG is a continuation of our strong track record within business services in general and technical building services in particular. During our ownership, together with management and the Board, we aligned the company’s management model to fit the market characteristics – local decision making coupled with central control. In the process QMG became the most desired acquirer of the best local players in the market. With its strong management model delivering stable predictable profits and cash-flow, we believe QMG is well placed to outperform the market for many years to come.”

Rasmus Molander