Business · Companies · 1 hr ago

Vela Equity Partners acquires environmental services firm Ecologica Piemontese

Vela Equity Partners acquires environmental services firm Ecologica Piemontese

Vela Equity Partners has acquired Ecologica Piemontese, an environmental services company based in Rivalta di Torino, Italy.

The company was founded 25 years ago by the Bono family and works with public utilities, local authorities and industrial businesses in northern Italy.

It has more than 100 employees and operates at sites in five Italian locations.

Vela was founded by Guido Emanuele Fucci and completed the acquisition within 12 months of setting its goal.

Fucci will become CEO, while the Bono family has reinvested in Vela and Francesco and Edoardo Bono will stay in operational roles.

The purchase was funded through investment from Vela's investors, the Bono family's reinvestment and a senior loan arranged by Banco BPM.

Vela plans to invest in management, vehicles, safety and training, attract more customers and pursue further acquisitions.

Sources

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