Accadueo Acquired by Oltre Impact for Strategic Expansion in Industrial Water Treatment
Deal News | Feb 26, 2025 | Finance Community IT - 1 Corporate M&A
Oltre Impact, an investment management firm with a focus on social and environmental impact, has completed the acquisition of a majority stake in Accadueo Impianti through its Oltre III fund. Accadueo, located in Montebelluna, specializes in industrial water treatment, boasting a reputation in the North-East region of Italy since its founding in 1976 by Dino De Longhi. The majority stake was bought from Immobiliare Bertolini, owned by the De Longhi family, for a total of 5 million euros. The De Longhi family retains a minority stake, with Dino De Longhi continuing to lead the company alongside Oltre Impact. This acquisition is part of a broader strategic plan by Oltre Impact to develop a center of excellence in industrial water treatment in Italy through a buy-and-build strategy. Supporting the transaction, Accadueo was advised by Rossini Advisory, among other firms, while Oltre Impact received assistance from BonelliErede for legal due diligence and Deloitte for financial and fiscal due diligence. Volksbank provided a medium to long-term loan of 4 million euros for the transaction, marking a significant step in both companies' strategic growth in industrial water treatment.
Sectors
- Private Equity
- Environmental Services
- Industrial Equipment
Geography
- Italy – Both Accadueo and the acquisition focus are rooted in Italy, with plans to expand industrial water treatment services across Italian regions.
Industry
- Private Equity – Oltre Impact's acquisition of Accadueo is characteristic of private equity activity, focusing on strategic investments and growth through acquisitions.
- Environmental Services – Accadueo's specialization in industrial water treatment ties the acquisition to the environmental services sector, emphasizing sustainable resource management.
- Industrial Equipment – Accadueo's role in designing and implementing industrial water treatment systems connects this activity to the industrial equipment sector.
Financials
- 5 million euros – The total investment amount for acquiring the majority stake in Accadueo.
- 4 million euros – The medium to long-term loan provided by Volksbank for the transaction.
- 7 million euros – Accadueo's revenue for 2023.
- 2 million euros – Accadueo's EBITDA for 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Accadueo Impianti | Target Company | Company | An Italian company specializing in industrial water treatment systems, acquired by Oltre Impact. |
| Oltre Impact | Bidding Company | Company | A social and environmentally-focused investment firm that acquired a majority stake in Accadueo. |
| Immobiliare Bertolini | Selling Company | Company | The previous majority stakeholder of Accadueo, owned by the De Longhi family. |
| Rossini Advisory | Financial Advisor for Accadueo | Company | Provided financial advisory services to Accadueo during the transaction. |
| BonelliErede | Legal Advisor for Oltre Impact | Company | Assisted Oltre Impact with legal due diligence for the acquisition. |
| Deloitte | Financial and Fiscal Advisor for Oltre Impact | Company | Conducted financial and fiscal due diligence for Oltre Impact. |
| Volksbank | Financing Bank | Company | Provided a medium to long-term loan of 4 million euros for the transaction. |
| Dino De Longhi | Current and Continuing Leader of Accadueo | Person | Founder of Accadueo who continues to lead the company post-acquisition. |