Energon Esco secured €7 million through a bond issuance, fully subscribed by Impresa Italia, to fuel its growth in the rapidly expanding energy efficiency market in Italy.

Target Information

Energon Esco is a leading Energy Service Company (ESCO) based in Italy, specializing in providing tailored and integrated energy efficiency solutions. The company serves a diverse clientele, including residential customers and businesses in the tertiary sector, such as nursing homes, sports facilities, and swimming pools. With a robust portfolio, Energon Esco has established over 150 contracts across Italy and has produced and sold nearly 200 million kWh of thermal energy.

As of June 30, 2017, the company anticipates an annual revenue of approximately €15 million, with an EBITDA of over €2 million. Following its acquisition of PVB Solutions in May 2015, which was fully integrated into its operations, Energon Esco expects a consolidated annual revenue of around €45 million and an EBITDA of approximately €7 million. This growth is underpinned by a projected significant increase in its target market over the next three years.

Industry Overview

The energy efficiency sector in Italy is experiencing a remarkable transformation, driven by increasing demand for sustainable energy solutions. Government initiatives and policies favoring energy efficienc