EQQO
Status
Current
Country
Germany
Strategy
Small Cap
Sector
Entry
Nov-20
Fund
IK SC II
Website
News
Leading infrastructure cleaning and maintenance service provider
EQQO ("the Group"), formerly ALBA Baving Group, is a leading German infrastructure cleaning and maintenance service provider offering essential services for the public including street sweeping, sink box cleaning, roadway and construction site cleaning and winter and greenspace maintenance.
The Group is a market leader in street sweeping for smaller municipalities (less than 50,000 inhabitants) and serves a broad and stable customer base. EQQO's strong proposition is characterised by operational excellence and productivity, fleet scale and high digitalisation capabilities in fleet operations, documentation and tour planning.
IK Partners acquired a majority stake from the founding family in November 2020.
What Attracted us to the Business
- Leading platform in the market segment of smaller municipalities
- Scale of fleet and operational excellence is competitive differentiator
- Unparalleled, industry-leading digitalisation toolkit
- Strong management team with long-term industry experience
Our Value Creation Strategy
We are working alongside management to:
- Drive organic growth in core geographical areas and segments;
- Consolidate the core market through selected add-on acquisitions;
- Roll out digital solutions to the whole fleet, including acquired targets; and
- Expand and strengthen one-stop-shop platform for infrastructure cleaning services.
Quote from EQQO
“EQQO is a leading infrastructure service provider to municipalities and B2B customers. We are very proud of the long-term growth path, the loyalty of our customers and our qualified employees. With IK we found the right partner to continue our strategic development to a full-service provider of infrastructure services. IK’s experience, capabilities and shared vision for EQQO provide valuable support in developing the Company and further expanding our market position.”
Guido Hamacher, Chief Executive Officer
