The investment portfolio of the Adolfsen Group includes companies from different industry sectors. The Group seeks to invest in companies and markets at an early stage where there is a potential for restructuring or strong underlying growth.
The Adolfsen brothers always seek to leverage on their experience when pursuing new opportunities. In later years, they have used their extensive experience from hotel operations to also pioneer and develop other personnel heavy sectors, such as staffing and care service industries.
Being a private investment group offers flexibility in terms of strategy and holding period. The Adolfsen Group intends to be a long-term and strategic owner in all its initiatives, building solid and sustainable businesses.
Investments are often made in partnerships with management, with long-term co-investors or with sector specialists.
As of today, all companies are headquartered in Norway but has a Nordic strategy.
The Adolfsen Group is a group of companies in which Kristian Adolfsen and Roger Adolfsen are shareholders. The Group invests across a wide range of sectors, many of which having a link to its origins within hotel operations. As per 2019, main investment areas are:
- Travel and Tourism
- Care Services
- Staffing & Recruitment
- Real Estate
Kristian and Roger are dedicated entrepreneurs, thriving for creativity, profitable growth and operational excellence. The brothers seek to develop each company through active management support, financial support and with active involvement through board representation. The brothers grew up on Andøya in the north of Norway, and this is where they started their first hotel. The brothers’ heritage is an important part of their lives and influences much of their work. The Group’s headquarter is in Oslo, Norway.
A key theme for the Adolfsen brothers has been to enter market segments from an early stage, taking a pioneering role in developing and growing towards more mature and stable markets. This entrepreneurial approach has created substantial and profitable underlying growth within the Adolfsen Group’s companies during recent years, resulting in current revenue generation of NOK 14 billion. The Group currently employs about 24,000 people, making it one of Norway’s largest private employers. All companies are headquartered in Norway, but has a Nordic strategy. The companies are owned through various investment companies, with Hospitality Invest being the largest within the Group.