SAMAS NACHFOLGE

For investors

We are building Europe’s largest labour services group. We take over healthy, owner-run heating and plumbing businesses that have no successor, keep their names and their teams, and run purchasing, administration and software across the group.

Why now

A generation of owners is retiring. In Germany, 545,000 small and medium-sized businesses plan to arrange a succession by the end of 2029, and 569,000 owners plan to close without one. Owners who want to hand over by the end of 2026 are 66.5 years old on average.

Source: KfW Research, Nachfolge-Monitoring Mittelstand 2025, Fokus Volkswirtschaft No. 526, 9 January 2026 (in German).

The plan

25–30
businesses by the end of 2030. A target with a fixed date, not a forecast.
2027
building cleaning follows heating and plumbing as the second field.

Our first acquisition, a heating and plumbing business in North Rhine-Westphalia, is in preparation. After building cleaning come further labour-intensive building services and new regions, starting with Cologne and Düsseldorf.

Structure

SAMAS holds at least 75% of every business. Outside investors hold shares only in SAMAS, never in an individual business.

Each acquisition sits in its own company with its own financing, so no business is liable for another. The businesses share purchasing, software and administration.

Discipline in every acquisition

  • Prices based on normalised earnings, with fixed caps.
  • A seller loan and a transition period with the seller.
  • At least a quarter of revenue from service and maintenance.
  • A rolling 13-week cash forecast in every business from day one.

People

Every business pays above the collective agreement and shares its profit with the whole team. We report staff turnover and an anonymous staff survey to our investors every year, business by business.

Information Memorandum

Status · November 2026

The first acquisition is in preparation. We send the Information Memorandum to qualified investors under a confidentiality agreement.

Request the Information Memorandum

This website is for information only. It is neither an offer nor a solicitation to acquire shares or investments. Targets and plans are not forecasts.