Erik Paulsson and his brother Mats founded PEAB in 1957 as a waste management company servicing local farmers in Sweden. Over the years, the company expanded into construction and now has 14,000 employees and revenues of over $5 billion. In 1989, PEAB went public in Stockholm and Erik and Mats divided the company, with Erik divesting into spin-offs of several PEAB property management entities. His most valuable holdings are Wihlborgs Fastigheter, Catena and Fabege, all real estate companies traded on the Stockholm stock exchange. The brothers reportedly decided who would get what in the division of PEAB by flipping a coin.
Erik Paulsson is a member of Real Estate