Imagon Group, a prominent Finnish illuminated signage manufacturer, has partnered with Juuri Partners for a generational transition and strategic growth, aiming for Nordic market leadership.
Information on the Target
Imagon Group, a family-owned company based in Kajaani, Finland, specializes in the production of illuminated signs and interior environment products. Established in 1988, the company has expanded to include four subsidiaries located in Finland, Sweden, Norway, and Estonia, employing around one hundred people. Imagon's brand can be seen prominently in urban areas across Finland, including major public spaces, as well as in cities throughout the Nordic region.
Imagon is undergoing a generational transition with the assistance of Juuri Partners, a private equity firm. Through this partnership, Juuri Partners will become a minority stakeholder in Imagon Group, allowing founder Arto Okkonen to step back from operational roles while ensuring the company remains under the control of the Okkonen family and the current management team, including Chairman Mika Okkonen, Production Director Mikko Okkonen, CEO Marko Mäkitalo, and CFO Samuli Heikkilä.
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Industry Overview in Finland
The illuminated signage and interior solutions industry has seen significant evolution over the past decade, driven by advancements in technology and sustainability. Traditional
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Juuri Partners
invested in
Imagon Group
in 2023
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Revenue: $21M