MEP Solidifies Control with Promostar Acquisition

MEP, a company backed by Wise Equity in collaboration with Giorgio Del Fabro, has acquired an additional 51% of Promostar, bringing its total ownership to 70%. MEP is involved in producing machinery for processing reinforced concrete, while Promostar, based in Buja, Udine, specializes in cold processing plants for steel wires, with a strong international presence. The acquisition strengthens MEP's position in critical machinery for the reinforced concrete supply chain, enhancing its product offerings. This deal marks MEP's first investment since Wise Equity became the majority shareholder in January 2024. MEP received advisory support from firms like Spada Partners for due diligence and legal assistance from Studio Legale Campoccia, while Promostar was advised by Studio Commercialisti and lawyer Michael Measso. MEP leaders expressed their enthusiasm for consolidating their partnership with Promostar, viewing this acquisition as a significant step in their growth and innovation strategy. Promostar's CEO, Sandro Miconi, also shared his excitement about joining MEP and contributing to the group's advancement. Alessio Riccioni from Wise Equity highlighted Promostar's strong market reputation and the benefits of this strategic move.