About the company
Inprocon is a leading Swedish fire protection group with nationwide presence comprising of four well-respected companies within the industry. Inprocon’s 140 fire protection professionals serve the Swedish market from offices in seven cities and provide services ranging from risk analyses and fire safety engineering to design, installation and service of automatic extinguishing systems, with the mission of making workplaces and public areas such as hospitals and hotels safer.
Inprocon is Evolver Fund I’s 1st investment, completed on 31 May 2019.
- Investment year: 2019
- Investor: Evolver Fund I
Investment rationale
At the point of investment Inprocon consisted of Maxcon AB, a specialized provider of sprinkler system installations, and the sprinkler system design company Winproj AB. Together the two complementary companies constituted a solid platform for continued buy & build growth, complemented by greenfield investments as well as organic initiatives within a sector with steady long-term demand and in which Evolver had previous sector knowledge. With the aim to build the leading fire protection solutions group in Sweden, Inprocon has grown rapidly both organically and trough the acquisitions of FireTech Engineering AB and A-Sprinkler AB, which have significantly expanded the group’s customer offering and geographical reach.
“Through Evolver’s previous involvement in the Swedish fire protection market we got to know Maxcon as a high-quality business with a very good reputation among both customers and other industry players. Therefore, we were happy to take the opportunity to build an industry-leading group capable of serving the Swedish market with an unprecedented range of fire protection solutions with Maxcon as the foundation. Today, Inprocon, through the additions of FireTech and A-Sprinkler, has achieved this ambitious goal.”