Pan-European private equity firm Agilitas’ portfolio company Recover Nordic has acquired JK Kloakservice (JKK).
Recover Nordic is a leading Nordic provider of damage control, emergency response and environmental services. The JKK acquisition brings the total number of add-on acquisitions to fifteen since Agilitas’ buyout of Recover Nordic in 2013.
JKK will work closely with Recover Nordic’s existing damage control and environmental services business in Denmark, expanding the environmental services footprint of the group which was established earlier this year through the acquisition of Sydslam.
The acquisition of JKK, which provides nationwide coverage from its Zealand base, expands Recover Nordic’s Danish environmental services footprint to new client segments and new parts of Denmark. The acquisition adds circa 30 employees to the Recover family and significantly expands Recover Nordic’s Danish fleet of specialist vehicles. Following recent acquisitions, Recover Nordic group revenues are now in excess of NOK2.4 billion, and the combined group employs more than 1,700 employees across over 80 locations in the Nordics.
Martin Calderbank, Managing Partner at Agilitas, says: “The acquisition of JKK further solidifies Recover Nordic’s position as the leading Nordic player in its sector.”
