Recover is a leading supplier of Emergency Response and Damage Control services in the Nordic region, serving a wide range of customers, notably Insurance Companies .
Investment Rationale
Highly defensible business. The mostly non-discretionary need for the Company’s services is triggered by events like water and fire damage, resulting in a stable market with limited cyclicality. 70-80% of the market is served by the top 3 providers. Strong underlying market growth driven by urbanisation, population growth, and increase in property values.
Plan
Carve out and integrate the 3 country operations, expand into lateral geographies to create the Nordic market leader
Investment Rationale
Highly defensible business. The mostly non-discretionary need for the Company’s services is triggered by events like water and fire damage, resulting in a stable market with limited cyclicality. 70-80% of the market is served by the top 3 providers. Strong underlying market growth driven by urbanisation, population growth, and increase in property values.
Plan
Carve out and integrate the 3 country operations, expand into lateral geographies to create the Nordic market leader
Employees: 1001-5000
Founded date: 2013