
Agilitas-backed Recover Nordic bolts on four firms
Recover Nordic, a damage control, emergency response and environmental service company backed by Agilitas Partners, has acquired Guja, Rena Avlopp, Kungsbacka and Serfix.
With the acquisitions, Recover Nordic increases its turnover by more than NOK 125m to a group revenue of NOK 1.8bn. The deals were made between January-May 2017 and aimed to strengthen the company's presence in the southern Sweden region.
With the support of Agilitas, Recover Nordic had already acquired Relita Industri och Skadeservice in March 2015, thereby entering the Swedish market.
Company
Guja Riv & Håltagning (Guja) is a drilling, sawing and demolition provider in the construction industry. The company was founded in 1995 and employs approximately 60 people, headquartered in Örebro.
Rena Avlopp i Sverige (Rena Avlopp) is a sewage cleaning and repairs company and was founded in 2001 by Jörgen Lundin, headquartered in Järfälla. The company employs approximately 16 people.
Kungsbacka All & Spolservice (Kungsbacka) is a high-pressure cleaning company for sewage and building water systems in the industrial and residential sectors. The company is based in Fjärås, was founded in 1994 and employs approximately 10 people.
People
Agilitas Partners – Martin Calderbank (managing partner).
Recover Nordic - Bjorn Herlofsen (chief executive).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds