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02/2022Majority

HIG Capital takes majority stake in Berardi Bullonerie

ITALY Industrial Services / Industrial & Technical Distribution REV €50–100M

Context

H.I.G. Capital has acquired a majority stake in Berardi Bullonerie from the Berardi family, who reinvested for a minority shareholding. The strategic rationale for the acquisition is to accelerate Berardi's development through a combination of organic growth and a targeted M&A campaign in the highly fragmented fastening elements market. By leveraging H.I.G.’s international reach and experience in consolidation, the group aims to aggregate other sector operators and enhance its high-value-added service offering. The transaction was supported by senior debt from a banking pool including Crédit Agricole, Deutsche Bank, and Banca Ifis, alongside a subordinated bond subscribed by Equita Private Debt. This partnership marks a key step in transitioning the century-old family business into a scalable corporate platform capable of rapid domestic and international expansion.

Berardi Bullonerie, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Business Services sector (10.4x in 2022).

-> Deep-dive in Business Services market trends

Target

Founded in 1919, Berardi Bullonerie is a primary Italian distributor of fastening elements and a pioneer in integrated logistics services. The company’s business model is centered on the just-in-time supply of standard and customized fasteners (C-Parts) to a broad range of industrial customers. Its value proposition is anchored in high service levels and advanced proprietary solutions, specifically its integrated "Kanban" logistics programs which optimize supply chain management for manufacturers. Strategically, the firm operates through a widespread network of 14 warehouses in Italy and commercial offices in Croatia and Morocco. By diversifying into adjacent product segments and high-value-added services, the organization has established itself as a critical technological and logistical partner for excellence-driven industrial enterprises.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
€50–100M
€5–25M
[members only]
2019
€50–100M
€5–25M
[members only]

Other operations with HIG Capital

Other operations with HIG Capital
DateAcquirerTargetCountrySector
09/2026HIG CAPITALARCOUNITED KINGDOMIndustrial & Technical Distribution
07/2026HIG CAPITALTERRAS GROUPGERMANYRailways
05/2026HIG CAPITALINTERNATIONAL AEROSPACE COATINGS IACUNITED STATESMRO (Maintenance, Repair & Overhaul)
10/2025HIG CAPITALADVANCED LOGISTICS FOR AEROSPACE (ALA)ITALYIndustrial & Technical Distribution
09/2025HIG CAPITALRENTOKIL INITIAL WORKWEAR FRANCEFRANCEIndustrial Cleaning
03/2025HIG CAPITALTIMETOACT GROUPGERMANYConsulting & Integration
02/2025HIG CAPITALCONVERGE TECHNOLOGY SOLUTIONSCANADAConsulting & Integration
03/2024HIG CAPITALSTRADAUNITED STATESHR & Capital
01/2024HIG CAPITALDX GROUPUNITED KINGDOMRoad Freight
03/2023HIG CAPITALANDWIS GROUPUNITED KINGDOMMaintenance

Similar deals in Industrial Services

Similar deals in Industrial Services
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02/2022MASTERGRIDSHB ELECTRICFRANCEMulti-technical Installation
02/2022MASTERGRIDKTHVFRANCEEngineering & Consulting
01/2022TEMASEKELEMENT MATERIALS TECHNOLOGYUNITED KINGDOMTIC (Testing, Inspection, Certification)
01/2022IK PARTNERSRENTA GROUPFINLANDEquipment Rental
12/2021KILOUTOUAB MATERIELSFRANCEEquipment Rental
11/2021PHENNA GROUPJAMES FISHER TESTING SERVICESUNITED KINGDOMTIC (Testing, Inspection, Certification)
10/2021REXELMAYERUNITED STATESIndustrial & Technical Distribution
09/2021PRODATA CONSULTEMAGINEDENMARKEngineering & Consulting

REFERENCES

Revenue range: REV €50–100M

EBITDA range: €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Berardi Bullonerie by HIG Capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: berardi bullonerie

Acquirer: hig capital

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Berardi Bullonerie, an Italian company specialised in Industrial & Technical Distribution, by HIG Capital in 2022.

What were Berardi Bullonerie’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Berardi Bullonerie generated annual revenue estimated in the €50–100M range and EBITDA in the €5–25M bracket (FY 2020). Detailed financial figures are available to members.

How does the valuation of Berardi Bullonerie compare to benchmarks in the Business Services sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 10.4x EBITDA during 2022.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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