Polygon acquires Tehokuivas Oy and The Plastic Surgeon Holdings Limited
Stockholm (Sweden), 12 May 2019 – Polygon, a Triton Fund III portfolio company, has acquired Tehokuivaus Oy (Tehokuivaus) in Finland and The Plastic Surgeon Holdings Limited (Plastic Surgeon) in the UK. The add-ons will strengthen Polygon Finland in the area of water and fire damage restoration and Polygon UK’s position in the area of property restoration and hard surface repairs respectively.
“Finland is a strategic market for Polygon, where we have strong growth ambitions and goals to be the leading provider of property damage restoration services. Our national presence in Finland combined with Tehokuivaus regional leadership in Western Finland is a winning formula”, says Axel Gränitz, CEO & President of Polygon Group.
The acquisition in Finland will add around 60 employees and a turnover of around 7 MEUR.
Plastic Surgeon is the UK’s largest cosmetic surface repair specialist, specialized in fine finishing services. The company undertakes successful repairs on a wide range of surfaces including ceramics, UPVC, brick, stone and glass in diverse industries including House build, Construction, Insurance, Homeowner and Facilities management. The UK acquisition will add 239 employees and annual sales of £13 million.
Polygon is a Global Expert and a European market leader in Property Damage Control. On 3 continents and in 14 countries, our 4,000 specialists prevent, control and mitigate the effects of water, fire and climate. Our innovative and tailor-made solutions combine people, knowledge and technology for a wide range of customer segments.
For further information: www.polygongroup.com
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton's portfolio have combined sales of around €14.9billion and around 72,000 employees.
For further information: www.triton-partners.com