BarentsKrans has advised the family Reigwein in the sale of 100% of the shares in RECO Holding B.V. to Parcom.

RECO is a Dutch family business, based in Koudekerk aan den Rijn with 280 employees. For over 70 years, RECO has been a specialist in renting equipment to the commercial market and owns an extensive equipment package. RECO combines the rental of equipment for the construction, rail & infra, industrial, maritime and government sectors with technical advice and additional services. Parcom, a Dutch investment company, acquired 100% of the shares in RECO Holding B.V. The business unit RECO Lift Solutions in Waddinxveen, which focuses on rental activities of temporary passenger elevators, emergency elevators and stair elevators will not be transferred to Parcom, but Robin Reigwein will continue this business together with approximately 30 employees. The transaction is subject to, among other items, the approval of the Authority for Consumers & Markets.