Our history

More than 40 years of experience

In 2013, Agilitas Private Equity acquired ISS Skadeservice, the Norwegian, Danish and Finnish damage control activities of ISS, in three simultaneous carve-outs. The businesses were merged and subsequently rebranded Recover Group.

During 2013 and 2014, recover focused on separating from ISS and creating a Group Management team. Previous chairman Ståle Angel (previously CEO Elixia) and CFO Finn Øistein Nordam (previously CFO of Blueway and Samlerhuset) joined Recover in 2014. Previous CEO Bjørn Herlofsen (former SVP at ISS and Operations Director for ISS APAC and Central Europe) joined in January 2015.

In late 2014 and 2015 the new management team acquired and integrated five companies, becoming a fully pan-Nordic player and the Nordic market leader in damage control. It also represented a step change for Recover's Environmental activities.

In 2016 the management team was further strengthened with new MDs of Norway and Finland.

During 2017 Recover completes four additional acquisitions to strengthen the Swedish and Norwegian presence. In addition, Recover introduced sophisticated tools for process management and training.

2018, Recover completes 5 bolt-ons to further cement its leading market positions and enhance environmental services capabilities in Denmark and Norway. Further, Recover proactively supports the United Nation’s Sustainability Goals (DCDGs)

In 2019, Recover further enhance it’s environmental service offering in Norway through the acquisitions of Aktiv Tankrens and become the #1 Finnish property restoration provider through the acquisition of L&T Korjausrakentaminen.

2020, the EQT VIII Fund (“EQT”) acquires Recover from Agilitas Private Equity (“Agilitas”). Mattias Ringqvist is appointed as new Group CEO and investments in digitalization and professionalization are initiated. The buy and build M&A strategy continues by completing 5 acquisitions during the first year of ownership.

During 2021 and 2022 Recover completes in total 11 additional acquisitions to strengthen the position as the clear market leader within Damage Control and to build a reputable Scandinavian Environmental Services business. In 2023 Ted Söderholm was appointed as new Group CEO.