Honeywell Group
Overview
Honeywell Group is a Nigerian conglomerate with diversified interests spanning food manufacturing, oil and gas, energy, telecommunications, financial services, real estate, leisure and hospitality, infrastructure, and security management. Founded in 1972 by Dr. Oba Otudeko, the company has evolved from a trading enterprise into a leading investment firm with a significant presence in various sectors of the Nigerian economy. The group's investment strategy focuses on creating, building, and investing in businesses that deliver enduring value and improve lives. Honeywell Group has a history of strategic investments, including the establishment of Honeywell Flour Mills in 1985, which produces flour-based products such as baking flour, ball foods, noodles, and pasta. The company has also been involved in the energy sector through HOGL Energy Limited and has interests in real estate and infrastructure through subsidiaries like Uraga Real Estate Limited and Pivot Engineering Company Limited. Over the decades, Honeywell Group has demonstrated a commitment to responsible stewardship and long-term value creation. In August 2025, the company completed its exit from First Holdco Plc, marking the culmination of a strategic decision aligned with its philosophy of continuous portfolio realignment. This move reflects the group's focus on building businesses that create enduring value and improve lives, guided by a belief in the vast potential of Nigeria and Africa.
Investment Focus
- Established businesses with growth potential
- Alignment with Honeywell Group's strategic focus areas
- Strong management teams
- Commitment to responsible stewardship and long-term value creation
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Honeywell Group
What sectors does Honeywell Group invest in?
Honeywell Group invests in Financial Services, Technology, Energy, Real Estate, Infrastructure and Telecommunications, and is based in Lagos State, Nigeria. Honeywell Group is listed as a private equity in the ConnectSafely investor database.
What stage does Honeywell Group invest at?
Honeywell Group backs companies at Growth, Late Stage and Buyout, writing cheques of 5M - 50M.
Which regions does Honeywell Group invest in?
Honeywell Group invests across Ghana, Kenya, Egypt, Morocco, Algeria and South Africa.
What companies has Honeywell Group invested in?
Honeywell Group's portfolio includes Honeywell Flour Mills Plc, HOGL Energy Limited, Uraga Real Estate Limited, Pivot Engineering Company Limited, Broadview Engineering Limited, Pavilion Technology Limited, Honeywell Energy Resources International Ltd and Hudson Petroleum Limited.
Last updated · Source: ConnectSafely investor database
