Announced
Financials
Sources
Tags
damage control services
Acquisition
Friendly
Private Equity
Maintenance Repair and Overhaul (MRO)
Norway
Private
Pending
Majority
Single Bidder
Synopsis
EQT agreed to acquire Recover Nordic, a provider of damage control services, from Agilitas, a private equity firm that invests in waste management and healthcare sectors, for $325m. The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020. "We are excited to partner with EQT, one of the world’s most reputable investment organizations, with a strong track record in the services sector. EQT’s growth-focused strategy and hands-on ownership approach is a great match for Recover Nordic," Bjorn Herlofsen, Recover Nordic CEO.
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