Agilitas Private Equity sells Danish environmental services company
Transactions - AUGUST 14, 2023

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Agilitas Private Equity sells Danish environmental services company

by Kali Persall

Agilitas Private Equity is selling the Reconor Group to Basalt Infrastructure Partners, according to various news reports. Financial terms were not disclosed.

Reconor, formerly known as MH Gruppen, is one of the top environmental services companies in Denmark, with a focus on the Copenhagen area, according to Agilitas. It is active in soil remediation and the collection, sorting, treatment and recycling of waste. Reconor remediates more than 2.1 million tonnes of soil per year and handles more than 0.8 million tonnes of mainly reusable waste.

Agilitas notes soil remediation is highly regulated in Denmark, and only companies with accredited sites at the right locations can provide these services. Reconor’s underlying market growth is being driven by increasingly stringent regulation, higher recycling rates and a pipeline of publicly funded infrastructure construction projects.

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