Clearwater has advised logistics and recruitment business Speed Group on its sale to private equity fund Ratos.
Speed Group, based in the south-west of Sweden with head offices in Borås, employs around 900 people. The company offers flexible services and customer adapted solutions, ranging from traditional staffing of warehouses to full takeovers of the whole value chain in logistics and production.
Speed Group was founded in 2004 and is currently owned by the founders, Jarl Ternander and Daniel Johansson, together with Jesper Anderson and CEO Catrin Wirfalk. The business has grown successfully and is today one of Sweden’s leading service providers in its market segment.
The demand for efficient logistical services is steadily increasing as the e-commerce market grows, warehouses are being centralised to strategic locations and the logistics sector is becoming increasingly complex. This in combination with a growing need for flexible solutions in the staffing sector, gives Speed Group a competitive advantage in an interesting niche market. Speed Group has experienced an average organic growth of around 30% annually and has managed to maintain high profitability.
