Agilitas-backed Relita bolts on BBG

With the additional capital, the company intends to scale up growth utilising Relita's geographical spread, sales organisation and experience of growth. It will also be able to offer customers a larger range of services as part of Relita.

After the acquisition, Recover Nordic's Swedish activities will comprise 21 locations with 750 employees. The expected turnover for all businesses is expected to be around SEK 900m.

Previous funding
Agilitas backed the management buyout of ISS Damage Control (later renamed Recover Nordic) from EQT-backed ISS Group in a maiden investment in June 2013. The mid-cap GP intended to integrate the company's operations in Norway, Denmark and Finland into one standalone business.

Recover Nordic acquired Relita in March 2015. Following the transaction, the current owners of Relita held stakes in Recover Nordic, while CEO Torbjörn Borgström was appointed as head of Swedish operations at Recover.

Earlier this year, Recover Nordic bolted on four companies: Guja, Rena Avlopp, Kungsbacka and Serfix.

Company
Established in 1997, BBG operates primarily in Mälardalen, with offices in Stockholm, Uppsala and Kungsör, and is headquartered in Veddesta. The company specialises in demolition, wire sawing, floor grinding, rock cracking and remediation services such as removing asbestos, PCB and oil.

People
Agilitas Partners – Martin Calderbank (managing partner). 
Betongborrargruppen i Mälardalen – Calle Brogen (CEO).

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