H.I.G. Infrastructure Invests in Finland's Fluo Group for Circular Economy Growth

H.I.G. Infrastructure's Strategic Investment in Fluo Group

On August 20, 2025, H.I.G. Capital announced a significant investment that marks a pivotal milestone in the Finnish circular economy landscape. The company, known for its impactful global investment strategy with $70 billion in managed capital, has acquired a majority stake in Fluo Group Oy. Based in Finland, Fluo is a leading player in the waste management and recycling sector, underscoring its important role in promoting sustainability and environmental stewardship.

A Step Towards Sustainability

Fluo Group operates an integrated waste management platform that encompasses various crucial services, including waste collection, sorting, treatment, and the production of recycled materials like plastics and lubricants. This investment by H.I.G. will enable Fluo to enhance its service offerings and strengthen its regional presence, ensuring that it can better meet the growing demands of the Finnish market.

Petri Aaltonen, the CEO of Fluo, expressed enthusiasm for the partnership, stating, “This investment is a significant milestone for Fluo in developing circular economy solutions. We look forward to collaborating with H.I.G. to create even greater benefits for municipalities, businesses, and the environment.” This collaboration aims to expand Fluo's reach and capabilities, thereby cementing its status as a key player within the circular economy framework.

Transformative Changes in Waste Management

H.I.G. Infrastructure’s Andrew Liau highlighted the vital transformation taking place in Finland's waste management industry, spurred by a shift toward sustainable practices. He noted the inherent potential to expand operations into new waste streams and consolidate the market through strategic acquisitions. This foresight aligns with H.I.G.’s overarching strategy to pursue opportunities in various sectors while fostering environmentally friendly practices.

Fluo Group: A Leader in Circular Economy Solutions

Fluo Group stands out in Finland’s circular economy landscape. Its services are not only essential for effective waste management but also play a crucial role in the recovery of valuable materials. The company has a proven track record, extending services to over 3,000 businesses and 35,000 households throughout Ostrobothnia and Eastern Finland, facilitated by long-term public-private partnerships.

The company specializes in converting collected waste into high-quality recycled raw materials, such as plastic granules and infrastructure pipes, supporting a more sustainable future. With H.I.G.'s backing, Fluo will be able to accelerate investments in sustainable waste infrastructure, expanding its geographic footprint considerably across Finland.

H.I.G. Capital's Legacy and Vision

H.I.G. Capital has crafted a legacy of investing in companies across the globe, with an innovative approach that combines financial support with operational expertise. The firm has invested in over 400 companies since its inception in 1993, resulting in a portfolio that comprises more than 100 businesses, collectively generating revenues exceeding $53 billion.

By leveraging its extensive resources and strategic vision, H.I.G. aims to drive growth in its portfolio companies through targeted investments and operational enhancements. The acquisition of Fluo Group fits perfectly within this framework as it underscores H.I.G.'s commitment to embracing sustainable business practices while driving economic growth in the communities it serves.

Conclusion

Ultimately, the partnership between H.I.G. Capital and Fluo Group represents a promising advancement in the pursuit of a more sustainable and efficient waste management ecosystem in Finland. With H.I.G.'s investment backing, Fluo is well positioned to not only expand its services but also deliver enhanced value across the entire value chain of the circular economy. This collaboration exemplifies the kind of innovative thinking and strategic partnerships that are essential for building a sustainable future.

For more information on Fluo Group, visit fluo.fi. Learn more about H.I.G. and its diverse investment strategies at hig.com.