Milan, 22 October 2026 - H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with USD 75 billion of capital under management, announced that one of its affiliates has acquired a majority stake in L4A ("L4A" or the "Company"), a leading Italian platform for the maintenance, renewal and upgrading of strategic infrastructure. H.I.G. is investing alongside the Company's existing shareholders and co-managing directors, who will continue to lead L4A in its next phase of development, ensuring continuity of management, technical expertise and strategic direction.
Headquartered in the province of Bergamo, around 30 km from Milan, L4A operates through its subsidiaries Artifoni, LSE and MPM in three specialised areas of strategic infrastructure: airside airport infrastructure, water infrastructure and district heating. The Company provides leading infrastructure operators and major utilities with integrated maintenance, renewal and upgrading services, from design to execution, covering both civil and mechanical works as turnkey solutions. L4A has always been characterised by an integrated and flexible business and organisational model that supports the delivery of highly complex infrastructure projects.
The partnership combines H.I.G.'s financial resources and global reach with L4A's industrial expertise, technical know-how and entrepreneurial culture. H.I.G.'s investment is intended to help L4A accelerate its growth through organic initiatives and add-on acquisitions. The growth strategy focuses on strengthening the Company's position in its existing business areas, expanding into adjacent infrastructure segments such as water treatment, energy and strategic transport infrastructure, broadening its offering with higher value-added services and extending its geographic footprint.
Raffaele Legnani and Giovanni Guglielmi, Managing Directors of H.I.G. in Italy, said in substance (quote rendered from the German version): L4A is a high-performing platform operating in a market supported by structural growth trends and stable demand for the maintenance and renewal of strategic infrastructure. They look forward to working with L4A's shareholders and management team as the Company enters its next phase of growth, aiming to accelerate organic growth and pursue an ambitious acquisition strategy to broaden capabilities, enter new markets and expand geographic reach, while preserving the entrepreneurial culture and the skilled team behind L4A's success.
Roberto Paganessi and Andrea Diani, co-managing directors of L4A, added in substance (quote rendered from the German version): The partnership with H.I.G. is an important milestone in L4A's development. Over recent years they have built a specialised platform focused on quality of execution and developed long-standing relationships with some of Italy's leading infrastructure operators. Together with H.I.G., they aim to further accelerate growth by expanding capabilities and geographic presence and entering new markets, without losing sight of the Company's entrepreneurial DNA, technical know-how and the central role of its employees.
This text was automatically translated from the German original.