Located in Stamford, Calif., Axel Johnson is a privately owned corporation. It is the North American investment branch of the Sweden-based Axel Johnson AB. The company focuses on energy, environmental and communications technology business sectors for the North American market. Its investments include Sprague Energy and the Parkson Corporation. Founded in 1920, the average length of its ownership in holdings is nearly 20 years. Axel Johnson, Axel Johnson AB and another Swedish company, AXFast BV, all are affiliated with the Axel Johnson Group, but are legally and financially independent. The Axel Johnson Group has revenues of approximately $8 billion and employs over 15,000 people worldwide.