Polaris divests SSG Group to BELFOR
We are pleased to announce that Polaris has entered into an agreement to divest its majority shareholding in SSG Group to BELFOR, the world’s leading provider of disaster recovery services with 11,100 employees and over 40 years of experience.
SSG Group has strengthened its market position significantly in partnership with Polaris since the acquisition in 2019. Polaris has supported SSG Group’s development to create a Nordic market leader and participate in the ongoing consolidation of the market through acquisitions in Denmark and Sweden.
“SSG Group has played a key role in the consolidation of the Nordic damage control services market and generated solid growth and good results under our ownership. The management and employees have done a great job streamlining the business and completing structural changes and acquisitions to position SSG Group for continued growth as part of BELFOR, which is a true global powerhouse in the industry with ambitious plans to build on SSG Group’s successful development for the long term,” says Rune Lillie Gornitzka, Partner at Polaris. Please see the full press release below: