Kare Invest Oy Sells Its Ownership in Restok Group Oy to Sweden’s Pinerock Group

15.06.2026

Kare Invest Oy Sells Its Ownership in Restok Group Oy to Sweden’s Pinerock Group

Kare Invest Oy has sold its ownership stake in Restok Group Oy to the Finnish subsidiary of the Swedish Pinerock Group.

The transaction is part of Kare Invest Oy’s investment strategy, under which the company actively develops its portfolio companies through active ownership and executes exits to maximize shareholder value.

Kare Invest Oy has been a significant shareholder in Restok Group and has played an active role in supporting the company’s growth, profitability, and market position. During Kare Invest’s ownership period, Restok strengthened its position in the Finnish renovation and repair construction market and grew into one of the recognized players in its industry.

“This transaction reflects the long-term dedication of Restok’s employees, management, and owners. We are very pleased with the progress the company has achieved during our ownership period. We believe that as part of the international Pinerock Group, Restok has excellent opportunities to continue its growth journey in the years ahead,” says Jake Aalto, Chairman of the Board of Kare Invest Oy.

 

Achievements During Kare Invest’s Ownership (2021–2025)

  • Revenue increased from approximately €13.8 million to over €20 million.
  • EBITDA grew from approximately €600,000 to €1.54 million (+157%), demonstrating a significant improvement in business profitability.
  • Restok Group established Restok Pienurakointi Oy, which quickly became an important part of the Group’s operations.
  • The company expanded into pipeline renovation projects and strengthened its position as a comprehensive renovation and repair construction contractor.
  • The organization, leadership, and operating models were significantly developed to support growth.
  • Restok established its position as one of the recognized players in Finland’s renovation and repair construction sector.
  • Successful exit through the sale of the company to the Finnish subsidiary of the Swedish Pinerock Group.

Following the transaction, Kare Invest Oy will release capital for new investments, acquisitions, and growth initiatives. The company will continue to actively pursue investment opportunities in Finnish growth companies and service-sector businesses.

 

For further information:

Jake Aalto
Chairman of the Board
Kare Invest Oy
[email protected]

https://www.linkedin.com/in/jakeaalto/

 

 

* On the left of the photo Pinerock's Rickard Rehnberg, Restok's Eero Meriö, Restok's Jouni Järvenpää, Restok's Jussi Wirgentius and Pinerock's Juha Kananen. Photo by: Aleksi Länkelä