OKNygaard has been acquired by idverde

The shareholders of OKNygaard have sold the company to idverde.

OKNygaard was founded in 2013 as a merger of two well-established landscaping companies, Bent Nygaard Anlæg and OK Grøn Anlæg. Since then, OKNygaard has effectively executed an ambitious growth strategy and has grown into a leading nationwide landscaping company, serving more than 90% of Danish municipalities. The company offers services within four main categories: grounds maintenance, landscaping, climate adaptation and winter services. Customers include private and public companies, housing associations, institutions and organizations, with local and nationwide presence. OKNygaard has a total of 11 locations strategically situated across Jutland, Zealand and Funen.

idverde is Europe’s largest provider of grounds maintenance and landscape construction services, with an annual turnover of US$825 million and 7,000 employees. The group operates in France, the UK, Netherlands and Denmark. It is owned by its management team alongside Core Equity Holdings, a Belgium-based private equity firm.

Oaklins’ team in Denmark acted as strategic and financial advisors to the owners of OKNygaard A/S. The team in Belgium supported the transaction.