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Announced

Completed

Polaris completed the investment in SSG Group.

Synopsis

Private equity firm Polaris completed the investment in SSG Group, a provider of damage control and industry and property services. Financial terms were not disclosed. "SSG is an attractive business with good growth and development potential in the Nordic damage control market where demand is uncorrelated with economic cycles and increasingly impacted by climate change. Based on the market outlook and a solid platform in Denmark and Norway, we will cooperate with SSG’s management and employees to strengthen operations across the company’s markets and lift sales in Norway and Sweden in particular where we see strong growth potential. In the coming years, we will work together to boost revenue and earnings through knowledge sharing, digitalisation, strengthened customer service and investments in sales and operational processes as well as acquisition opportunities in damage control and adjacent areas," Rune Lillie Gornitzka, Polaris Partner.

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