PIGHI has been 100% owned by EUROFEU since January 2026.

When was PIGHI acquired by EUROFEU?

PIGHI was acquired by EUROFEU in 2026.

What was the revenue of PIGHI at the time of the deal?

The revenue of PIGHI at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of PIGHI during the acquisition?

PIGHI's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the PIGHI acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PIGHI deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.eurofeu.fr/eurofeu-acquiert-lentreprise-italienne-pighi/

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesPIGHI

01/2026

PIGHI acquired by EUROFEU

ITALY Facility Management / Maintenance / Security & Guarding REV 5M - 25M EUR

Context

Eurofeu, backed by pan-European private equity firm IK Partners, has acquired Pighi, a key Italian player in the fire safety sector. This transaction marks Eurofeu's entry into the Italian market, previously uncovered by the group. Alessandro Campedelli, the former sole owner via Gruppo Pighi Holding, has sold his stake but will retain an operational leadership role to drive future growth. The deal is part of Eurofeu's broader buy-and-build strategy to consolidate the European fire safety market.

PIGHI, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Founded in 1956, Pighi is a leading Italian provider of fire safety services. Headquartered in Verona, it operates through 7 regional branches across Northern and Central Italy (Veneto, Lombardy, Lazio, etc.). The company employs over 200 staff (including 120 technicians) and provides installation, maintenance, and training for fire detection and suppression systems. It serves major B2B clients in Retail (GDO), Pharma, Chemical, and Food sectors.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Facility Management

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01/2026	HALMA	SAFETEC	ITALY	Security & Guarding
12/2025	CAPZA	MYRIUM	FRANCE	Maintenance
12/2025	BAIN CAPITAL / MUBADALA	Service Logic	UNITED STATES	HVAC
10/2025	MITIE GROUP	Argus Fire Protection	UNITED KINGDOM	Security & Guarding
10/2025	TURENNE CAPITAL	M-ENERGIES	FRANCE	HVAC
10/2025	BNP PARIBAS DEVELOPPEMENT	AGP (ALLIANCE GLOBAL PROCUREMENT)	FRANCE	BPO & Outsourcing
10/2025	ANDERA PARTNERS	XELIANS	FRANCE	Document Management
09/2025	HIG CAPITAL	RENTOKIL INITIAL WORKWEAR FRANCE	FRANCE	Industrial Cleaning

REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PIGHI by EUROFEU 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: pighi

Acquirer: eurofeu