Synteen Acquired by Officine Maccaferri in Strategic Expansion
Deal News | Feb 06, 2025 | Finance Community IT - 3 Private Equity
Ambienta SGR, a leading European asset manager focused on environmental sustainability, announced the acquisition of Synteen Technical Fabrics Inc. by its platform company, Officine Maccaferri. Synteen, based in the U.S., is recognized for its high-performance geosynthetic solutions designed to improve soil stability and infrastructure resilience. This acquisition strengthens Maccaferri's presence in North America, where it has significantly increased revenues in recent years. The acquisition aligns with Ambienta's strategy of supporting Maccaferri's growth through targeted acquisitions, focusing on sustainable engineering solutions that resonate with macroeconomic trends in infrastructure and climate change. The deal marks a pivotal moment under the leadership of CEO Stefano Susani, solidifying Maccaferri's position as a global player in sustainable infrastructure solutions.
Sectors
- Private Equity
- Infrastructure & Construction
- Sustainability
Geography
- United States – Location of Synteen Technical Fabrics Inc., the acquired company, with a significant market presence in North American infrastructure.
- Europe – Base for Ambienta SGR, a European asset manager driving the acquisition strategy through its entity Officine Maccaferri.
Industry
- Private Equity – Core to the transaction, as Ambienta SGR is a private equity firm focusing on sustainable investments.
- Infrastructure & Construction – Relevant due to Synteen's role in providing geosynthetic solutions for infrastructure and construction projects.
- Sustainability – Reflects the strategic focus on environmentally sustainable engineering solutions central to the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Synteen Technical Fabrics Inc. | Target company | Company | Manufacturer of high-performance geosynthetic solutions for infrastructure projects. |
| Ambienta SGR | Private Equity company | Company | European asset manager focused on environmental sustainability, overseeing the acquisition. |
| Officine Maccaferri | Acquiring company | Company | Platform company under Ambienta, expanding its engineering solutions portfolio with the acquisition. |
| Stefano Susani | CEO of Officine Maccaferri | Person | Leading Officine Maccaferri's strategic growth and expansion in North America post-acquisition. |
| Mauro Roversi | CIO & Partner of Ambienta | Person | Commented on the strategic fit of the acquisition with Ambienta’s vision for growth. |
| Andrea Venturini | Partner of Ambienta | Person | Highlighted the continued execution of Ambienta’s growth vision for Maccaferri. |