Information on the target
Omnisyst, a Milan-based benefit corporation specializing in integrated industrial waste management, has acquired approximately 65% of Ecoprogetti, a company based in Verano Brianza that focuses on the treatment and brokerage of hazardous and non-hazardous special waste. The shares were sold by Piergiacomo Bernasconi, both directly and through his holding company H.P.M.E., as well as by Monica Gatti. The transaction, finalized at the end of September, is valued between €7 million and €11 million.
Ecoprogetti is engaged in various activities including the purchase and sale, selection, treatment, storage, recovery, chemical analysis, and transportation of industrial waste and secondary raw materials. In its latest available financial report, the company recorded revenues of approximately €10 million, with an EBITDA of around €1.2 million. This acquisition marks a strategic step for Omnisyst in expanding its footprint in the circular economy, following the Algebris Green Transition Fund's investment in 2022 and the appointment of Enrico Meacci as CEO at the end of 2024.
Industry overview in the target’s specific country
The Waste Management, Disposal & Recycling Services industry in Italy has been experiencing significant growth, driven by increasing regulatory pressures and a societal shift towards sustainability. The Italian government has implemented stringent waste management regulations aimed at reducing landfill usage and promoting recycling initiatives. This regulatory environment has created a favorable landscape for companies specializing in waste management and recycling services.
Italy's waste management sector is characterized by a diverse range of players, from large multinational corporations to smaller local firms. The market is segmented into various services, including collection, treatment, recycling, and disposal of waste. The increasing emphasis on circular economy principles has led to a rise in demand for innovative waste management solutions that not only comply with regulations but also contribute to environmental sustainability.
Moreover, the Italian population's growing awareness of environmental issues has spurred demand for comprehensive waste management services. Companies are increasingly adopting advanced technologies to enhance operational efficiency and improve service offerings. This trend is particularly evident in urban areas, where waste generation is higher and the need for effective waste management solutions is critical.
As the industry evolves, collaboration between public and private sectors is becoming essential to address the challenges of waste management. Investments in infrastructure and technology are necessary to support the transition towards a mor…