The Fulgard Group consolidates and acquires six companies in the business security services sector, from occupational medicine to safety consulting to training and the fire protection sector. The plan developed by the company, owned by the Seven2 fund and led by CEO Nicola Baroni, is worth 25 million and represents the starting point of a growth phase, through external lines, “with the aim of creating a national champion in the sector,” explains Baroni. A plan that will reach 60 million in investments by the end of the year, which will already bring the Group to a turnover of 160 million in 2026, with about a thousand employees in total. And which in the medium term will advance with an average of ten acquisitions per year.
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The business services market is worth 4 billion euros, with thousands of employees and external consultants, mostly with high technical specializations. However, it is a sector characterized by extreme fragmentation, so much so that more than half of the value is in the hands of local micro-operators, professional firms, or individual doctors, and the top three or four operators together do not reach 20% market share. “We believe it is important,” explains CEO Baroni, “to consolidate Italian realities to ensure market capillarity of services and uniformity in the quality of the services that companies request, often in different parts of the country. Today on average each company has about fifteen service providers of this kind, in the various operational locations, a system that we believe must evolve to ensure effective governance, full traceability of operations, and uniform quality levels throughout Italy.”
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Among the three souls of the Fulgard Group, the leading national player in security services, are occupational medicine, safety consulting and training (HSE and ESG), as well as maintenance of fire protection equipment and systems and production machinery safety. The operations carried out strengthen the Group’s presence in Lombardy, Piedmont, and Emilia-Romagna and guarantee a first direct presence in the South. The second round of acquisitions, after the first six operations, is expected by the end of the year. The acquired companies are Mesak of Brescia, specialized in safety consulting and training, with a strong focus on the agricultural sector, La-Med, also from Brescia, active in occupational medicine, as well as the two Romagna-based companies acquired, Sealab and Centro Medico Fisios. Completing the portfolio are Cuny Fire Service, a company from Cuneo specialized in maintenance of fire protection equipment and systems, and Tecsial, a Bari-based company leading in Puglia in safety consulting and training for SMEs.
The six new companies increase Fulgard’s territorial capillarity and thanks to the Bari asset, the largest operation, the Group opens a direct presence in the South. Fulgard today has 34 offices in Italy, over 850 direct professionals, and a network of more than 1,300 external consultants and doctors. It provides about 500,000 medical examinations per year, maintains over 870,000 fire protection devices with more than 410,000 interventions annually, and trains over 70,000 workers, with a customer base exceeding 70,000 companies in all sectors, from manufacturing to chemical-pharmaceutical, from oil & gas to retail to public administration.
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