Developed an appreciation for the familial setting

Installationsservice AB is a service and contracting company with a focus on building services installations. The company, which operates in the Mälardalen region, is based in Eskilstuna and has been part of Instalco since 2021.

Installationservice is in many ways a typical Instalco company: a family business that has been passed down through three generations. Nicklas Eriksson, who has been the CEO since 2003, is about to hand over the CEO role to his son Joakim, whose grandfather Folke Eriksson was part of the company when it was founded in 1989.

“In 2019, I got a call from a broker who said there was a company interested in acquiring us. I hadn’t really thought about selling the company, but when I heard about Instalco’s plan, it sounded interesting and we had a meeting,” says Nicklas Eriksson.

“There was a good and somehow familiar feeling in the meeting. They talked about being part of something bigger but at the same time remaining the same. It sounded appealing, but we were at the same time not quite ready.”

Several other groups of companies contacted Installationsservice during the same year with different offers and proposed arrangements. Time passed and in 2021 the market changed a bit and, according to Nicklas, it became increasingly important to be a bigger player, especially for the customers.

“I felt that this is probably what we need and we decided to join Instalco. Since then, we have been able to go on living and minding our own business, while being part of the group. We have not been removed, and we have even been allowed to keep our work clothes, cars, name, and logo.”

Focus on service contracts 
Installationsservice currently has 33 employees and a turnover of just over 58 million. The company mainly works with service contracts in the ventilation, electricity, water, cooling, heating, and property maintenance sectors, but also to some extent with full projects and contracts. Most assignments are worth around SEK 2–3 million.

Customers are mainly various kinds of real estate companies and local industrial customers in Mälardalen.

“It is a relief for our customers that we are part of a larger group of companies, and it has been meaningful for us,” says Nicklas Eriksson