#Italy #Milan #H.I.G. Capital #Infrastructure #L4A

H.I.G. Capital Strengthens Presence in Infrastructure with L4A Acquisition

In a significant move within the global investment landscape, H.I.G. Capital, a leading alternative investment firm managing $75 billion in capital, has announced the acquisition of a majority stake in L4A, an Italian company recognized for its expertise in the maintenance and upgrading of critical infrastructure. This partnership marks a pivotal moment in L4A's journey as it looks to expand its operational capabilities and market reach.

Strategic Partnership and Goals

The acquisition was executed in collaborative effort with L4A's current shareholders and co-CEOs, who will continue to steer the company through its next growth phase. This ensures the retention of L4A's operational proficiency and strategic vision, thus maintaining continuity during a crucial transitional period.

Located near Milan, in the province of Bergamo, L4A operates through its subsidiaries Artifoni, LSE, and MPM, providing integrated services for the maintenance, renewal, and modernization of airport ground infrastructures, hydraulic infrastructures, and urban heating networks. Their approach encompasses everything from design to execution, focusing on turnkey solutions that involve civil and mechanical engineering services catering to major infrastructure operators and utility firms.

H.I.G. Capital’s investment intends to enhance L4A’s growth trajectory through various initiatives, including organic growth strategies and complementary acquisitions. The overarching goal is to strengthen L4A’s positioning in existing segments while venturing into adjacent markets such as water treatment, energy, and strategic transport infrastructures. Additionally, the partnership aims to broaden L4A's offerings to include higher-value activities and expand its geographical footprint.

Insights from Key Leaders

Raffaele Legnani and Giovanni Guglielmi, H.I.G. General Directors in Italy, expressed enthusiasm about the acquisition, stating, "L4A is a high-quality platform operating in a market supported by structural growth trends and resilient demand for infrastructure maintenance and renewal. We are thrilled to collaborate with L4A's shareholders and management team as the company embarks on its next growth phase. Our shared objective is to leverage L4A's solid entrepreneurial track record to accelerate organic growth and pursue an ambitious acquisition strategy. Ultimately, we are committed to preserving the entrepreneurial culture and talented team that have been central to L4A's success."

L4A’s co-CEOs, Roberto Paganessi and Andrea Diani, echoed these sentiments, highlighting the acquisition as a crucial step in expanding L4A's operational capabilities. They noted, "In recent years, we have established a specialized platform focused on execution quality, building enduring relationships with leading Italian operators. Our partnership with H.I.G. is geared toward accelerating our growth trajectory by expanding our capabilities, geographical presence, and markets served while preserving our entrepreneurial DNA, technical expertise, and the pivotal role of our team members."

About L4A

Founded in Milan and operating within the infrastructure sector, L4A specializes in offering integrated services tailored to maintenance and modernization. By doing so, it stands out with a versatile operational model capable of handling complex infrastructure projects, cementing its reputation as a leader in the strategic infrastructure space.

About H.I.G. Capital

H.I.G. Capital is recognized globally for its innovative approach to investment management, with offices across major cities worldwide including Miami, London, and Madrid. Their focus spans various sectors including manufacturing and services, consistently seeking opportunities to create value through operational improvements and strategic financial investments. H.I.G. has an established track record dating back to 1993, having invested in over 400 companies globally, demonstrating a robust commitment to maintaining growth and enhancing value for stakeholders.

For more information regarding H.I.G. Capital and its investment strategies, visit hig.com.