Fulgard Achieves Successful PE Exit with Argos Wityu

Fulgard, initially known as Sicura, has strategically enhanced its scope in workplace safety and health services in Italy over four years through a robust partnership with private equity firm Argos Wityu. This collaboration facilitated Fulgard’s remarkable growth, bolstered by 16 domestic acquisitions, leading to a significant expansion in both their service offerings and geographic coverage. Notable acquisitions such as CDS and Igeam played crucial roles in fortifying the company's market leadership. During this period, Fulgard successfully rebranded from Sicura and integrated its acquisitions seamlessly, advertising a projected revenue of over €117 million and an EBITDA of approximately €22 million in 2024. To underpin this growth, substantial investments were channeled into key areas like M&A, operations, and sales enabling extensive cross-selling opportunities across their business divisions. The culmination of these efforts was marked by the profitable exit managed by Argos Wityu, directing a return of around €2.5 million to several funds under the RWB Group AG umbrella.