#USA #H.I.G. Capital #Bergamo #L4A #Strategic Infrastructure

H.I.G. Capital Acquires Majority Stake in L4A

H.I.G. Capital, a leading global alternative investment firm with $75 billion in assets under management, recently announced the acquisition of a majority stake in L4A, a prominent Italian platform focused on the maintenance and modernization of strategic infrastructure. This strategic investment is aimed at accelerating L4A's growth trajectory while ensuring continuity in leadership and strategic direction.

Headquartered in Bergamo Province, approximately 30 km from Milan, L4A operates through its subsidiaries—Artifoni, LSE, and MPM—in three specialized areas of strategic infrastructure: airport infrastructure, water management, and district heating. L4A is known for providing integrated services to leading infrastructure operators and large utilities, covering everything from planning to execution within comprehensive turnkey solutions. The company has built a reputation for its integrated and flexible business model, allowing it to undertake complex infrastructure projects effectively.

The partnership between H.I.G. and L4A combines the financial resources and global reach of H.I.G. with the technical expertise and entrepreneurial spirit of L4A. With this investment, L4A aims to enhance its capabilities through both organic growth initiatives and targeted acquisitions. Their growth strategy is expected to strengthen the company’s position in existing markets, expand into related fields such as water treatment, energy, and critical transport infrastructure, and diversify service offerings with higher value-added services while enlarging its geographical footprint.

Raffaele Legnani and Giovanni Guglielmi, managing directors at H.I.G. in Italy, expressed their enthusiasm for the partnership, emphasizing that L4A is a powerful platform benefiting from structural growth trends and a stable demand for infrastructure maintenance and renewal. They look forward to collaborating with L4A's shareholders and management team to accelerate its next growth phase, leveraging organic development while executing an ambitious acquisition strategy. Their goal is to build on L4A’s successful trajectory while maintaining the entrepreneurial culture and skilled workforce that contributed significantly to its success.

Roberto Paganessi and Andrea Diani, co-managing directors of L4A, highlighted the partnership with H.I.G. as a crucial milestone for the company. Over recent years, L4A has established itself as a specialist platform prioritizing execution quality, forming long-term relationships with leading infrastructure operators in Italy. Together with H.I.G., L4A aims to continue its rapid expansion by broadening its skills and geographical presence without losing sight of its entrepreneurial identity, technical expertise, and the importance of its employees.

About L4A

L4A stands out in its field, delivering integrated maintenance, renewal, and modernization services for critical infrastructure. The firm prides itself on its tailored solutions that address the specific needs of its clients, enabling it to manage a variety of complex infrastructure projects efficiently. For more information about L4A, visit l4asrl.it.

About H.I.G. Capital

Founded in 1993, H.I.G. Capital is a prominent investment firm headquartered in Miami with offices across the United States and internationally. The firm specializes in providing debt and equity capital to small and mid-sized companies through a flexible, operationally focused approach. H.I.G. has invested in and managed over 400 companies globally, with its current portfolio consisting of over 100 businesses generating more than $53 billion in total revenue. For further details, visit hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.