The Reigwein family and investment company Parcom have reached an agreement regarding the acquisition of RECO, a specialist in equipment rental for the professional market. In partnership with Parcom, RECO’s management aims to continue its current growth strategy and company culture. In the coming years, the company will focus on sustainable growth within the equipment rental market, aiming to become the go-to partner for all equipment-related needs of its professional clients. The acquisition will not lead to changes for employees, customers, suppliers, and partners.
RECO is a Dutch family business based in Koudekerk aan den Rijn with 280 employees. RECO has been the specialist in equipment rental for the professional market for over 70 years. RECO offers an extensive portfolio of rental equipment to various sectors, including construction, rail & infrastructure, maritime, and events. RECO’s proposition focuses on unburdening customers by providing technical advice and other complementary services. As a family business, RECO values personal communication and fast decision-making, hereby ensuring reliability for its customers.
RECO has ambitious plans for the future. After 70 successful years under the leadership of the Reigwein family, both the family and the current management believe it is time for the next phase of growth. Parcom paves the way for further expansion of RECO’s current proposition within the Netherlands and the UK, as well as acquisitive growth. This partnership provides the opportunity to further invest in new product groups for the professional market, further geographic expansion within the Netherlands and the UK, and establish a leading position as a provider of sustainable solutions in (temporary) energy supply.
The RECO Lift Solutions business unit in Waddinxveen, which focuses on rental activities of temporary passenger lifts, emergency lifts, and stairlifts, will not be transferred to Parcom. This business unit, with approximately 30 employees, will continue its operations under Robin Reigwein.
Robin Reigwein, RECO: “I have great confidence in Parcom as partner for RECO in its next phase of growth. The input and experience of the Parcom team will be a valuable addition to the management team. Parcom recognizes the strength of RECO’s dynamic and responsive family-oriented culture and aims to preserve the culture in the future. I will remain actively involved in RECO Lift Solutions and look forward to capitalizing on international opportunities with the team, while maintaining close cooperation with RECO.”
Willem-Jan Merckel, Parcom: “We are very pleased to invest in RECO and become a partner of the management team. We are impressed by RECO’s development since its founding under the Reigwein family. The company offers a unique proposition to its professional clients based on unburdening clients of its equipment-related matters. We look forward to supporting the company in its further development.”
Financial details of the transaction will not be disclosed. The transaction is amongst others subject to approval by The Dutch Competition Authority (Autoriteit Consument & Markt).
About RECO
RECO is a dynamic and successful family business and has been a specialist in equipment rental for over 70 years, serving sectors such as construction, rail & infrastructure, and events. RECO combines equipment rental with technical advice and additional services to its clients such as design & calculation, transport and assembly. Through expert advice and an extensive product range, RECO provides a complete solution for any project. RECO operates with approximately 280 employees in the Netherlands and the UK. Although the RECO philosophy has remained unchanged over the years, the company has grown to become the go-to partner for equipment rental in the Dutch market. More information: www.reco.eu.
