Skip to main content
Back to Investments

BST

Employees
c. 400
Countries
3
Local Offices
25+
Status
Current
Country
Sweden
Sector
Business Services
Entry
May-19
Fund
IK SC II
Website

Leading provider of active fire protection services in Sweden

BST is a leading Swedish provider of active fire protection services and is uniquely positioned as a full-service fire safety specialist through its main business areas: Fire Engineering, Consultancy & Design, Installation and Aftermarket Service.

Through its strong local presence across Sweden with a full-service offering and blue-chip client base, the Company has established a leading market position.

The Company is headquartered in Stockholm and operates through a network of branches in Sweden. In 2020, BST also established local presence in Norway and Denmark.

IK Partners acquired a majority stake alongside the three co-founders and certain members of the management team in May 2019.

What Attracted Us to the Business

  • Unique position as a full-service sprinkler system specialist
  • Growing market driven by favourable structural trends

Our Value Creation Strategy

We are working alongside management to:

  • Continue Swedish expansion through organic growth within existing business areas and locations as well as greenfield expansion;
  • Focus on organically growing the aftermarket service business;
  • Drive consolidation of the Swedish market by executing on identified acquisition targets;
  • Expand internationally by targeting the Nordics; and
  • Expand into adjacent business areas, for example, fire engineering (completed through acquisitions of Brandkonsulten and Bricon in 2021).

Responsibility Highlights

Multiple certifications of the Company’s quality standards are within several business areas and the environmental policy and operating guidelines are in line with and equivalent to ISO 14001.

“We are very excited to team up with IK given their vast experience within fire protection.”

– Peter Bühler, Co-Founder and CEO, BST

Investment Team

Kristian Carlsson Kemppinen

Managing Partner, Head of Small Cap Strategy
Stockholm

Erik Ingemarsson

Partner
Stockholm

Henrik Geijer

Director
Stockholm