Recover Group acquires Mellansvensk Industrisanering AB
Credeva has been financial advisor to Recover Group in relation to the acquisition of 100% of the shares in Mellansvensk Industrisanering AB (MISAB).
MISAB had a turnover of just over SEK 140 million in 2019/2020 and is based in Hallstahammar and Eskilstuna. The company fits in well with Recover’s existing operations in the Mälardalen area, and will particularly strengthen its position in and around Uppsala, Västerås and Eskilstuna. MISAB has built up a strong brand and position within the remediation and industrial service area, which also suits Recover’s further strategy for expansion in the Swedish market.
Recover Group, owned by the private equity firm EQT, 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.
- Sector: Construction Services & Environmental Services
- Industry: Damage Control & Sludge Suction
- Transaction: Acquisition (add-on)
- Cross boarder: Yes
- Our role: Buy-side advisor
- Value: Undisclosed
- Timing: 2020