New investment in green growth company

12. August 2022

Den Sociale Kapitalfond Invest is the new co-owner of the gazelle company Tolstrup A/S, which services green areas and provides winter services all over Denmark.

Since Tolstrup A/S was established by the brothers Christoffer and Peter Lund and their father Peter Lund in 2015 on the family’s farm in Tolstrup, things have gone fast. Today, the company has around 80-100 employees during the high season and serves municipalities, utility companies, housing associations and private companies in green care and winter service, primarily in Jutland and on Funen, based on offices in Fredericia, Aarhus and Odense. In addition to high growth rates, which have made Tolstrup a double gazelle company, the company has also managed to create good bottom-line results and created new opportunities for people from the edge of the labour market in recent years, of which approximately one in six of their employees are from the edge of the labour market. Tolstrup has also become skilled in establishing areas with biodiversity and is a supplier to municipalities and private business customers, where the company has converted several areas into flower meadows, nature areas and other nature-friendly initiatives. All due to strong management, skilled employees and a focus on quality, close customer dialogue and a good and responsible working environment.

Continued high growth potential

Therefore, Den Sociale Kapitalfond Invest sees an exciting potential in Tolstrup A/S also in the future, says Managing Partner Lars Jannick Johansen: “We see exciting opportunities to combine services within the growing area of biodiversity with taking social responsibility, e.g. in collaboration with public customers. At the same time, Tolstrup A/S has stood out as a strong, independent player in a market characterized by consolidations with their great results and a very talented management team with a great interest in social responsibility. Therefore, we are very much looking forward to working with Christoffer and Peter Lund to continue the growth and development of Tolstrup A/S.”

Desire for a professional and responsible partner

For the brothers Christoffer and Peter Lund, the collaboration with Den Sociale Kapitalfond Invest provides new opportunities to take the company to the next level in its development: “Things have gone fast for Tolstrup in recent years, and we are proud of the results the company has created – not least thanks to our talented managers and employees. But we also believe that the company has the potential for much more. Our assessment is that if this potential is to be realised, we are in a much stronger position with a new, experienced partner on board, who can ensure the right professional sparring – of course with respect for Tolstrup’s values and approach. The process with Den Sociale Kapitalfond Invest has underlined that their combination of a professional private equity approach with a socially responsible set of values is the right match for Tolstrup now, and we are very much looking forward to the collaboration,” say Christoffer and Peter Lund in a joint statement. In connection with the transaction, Den Sociale Kapitalfond Invest has acquired the majority of the shares in Tolstrup A/S. Christoffer and Peter Lund will continue as significant shareholders and directors of the company. At the same time, a professional board is established with the experienced businessman Gynther Kohls as chairman. In addition, there will be the opportunity for senior employees in Tolstrup to become shareholders in the company in the future. The parties agree not to disclose the transaction price. In 2021, Tolstrup had a gross profit of more than DKK 33 million and today employs up to 80-100 employees during the high season, of which approximately 15 per cent come from the fringes of the labour market.

Read more about the company here

Contact

Lars Jannick Johansen
Founder and Managing Partner
+45 2961 6892
Mads Aaen
Partner
+45 2062 9682

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