Recover Group acquires HSV AS

Credeva has been financial advisor to Recover Group in relation to the acquisition of 100% of the shares in Hallingdal Skade og Vedlikehold AS (HSV).

 Trough the acquisition of HSV, a regional provider of damage control services, Recover Group expands its geographic footprint in the “In-land” region of Norway.

Recover Group, owned by the private equity firm EQT (owned by Agilitas Private Equity at the time of the transaction), is the market leader for non-discretionary property remediation and environmental services in the Nordics. Headquartered in Oslo, Norway and with around 3 000 employees in Norway, Sweden, Denmark and Finland, Recover provide emergency property remediation and environmental services to help mitigate the impact of water and fire damage, to help prevent and reduce the costs associated with extreme weather conditions, and to make cities safer by maintaining mission-critical infrastructure.

Recover - HSV AS

Transaction overview:

  • Sector: Construction Services 
  • Industry: Damage Control & Reconstruction
  • Transaction: Acquisition (add-on)
  • Cross boarder: No
  • Our role: Buy-side advisor
  • Value: Undisclosed
  • Timing: 2018