When was SPECIALACQUE AND SPECIALSPURGHI acquired by ITELYUM?

SPECIALACQUE AND SPECIALSPURGHI was acquired by ITELYUM in 2025.

What was the revenue of SPECIALACQUE AND SPECIALSPURGHI at the time of the deal?

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

What was the EBITDA of SPECIALACQUE AND SPECIALSPURGHI during the acquisition?

SPECIALACQUE AND SPECIALSPURGHI's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the SPECIALACQUE AND SPECIALSPURGHI 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 SPECIALACQUE AND SPECIALSPURGHI 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.linkedin.com/posts/itelyum_crescere-acqueindustriali-bonifiche-activity-7309973965244981250-zt-A/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABE99oBbgv9lPj8DyFza4CZ_K60gKXD84o

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03/2025

SPECIALACQUE AND SPECIALSPURGHI acquired by ITELYUM

ITALY Utilities (Regulated Infrastructure) / Waste Management REV 5M - 25M EUR

Context

The acquisition of Specialacque and Specialspurghi is strategically aligned with the Itelyum's ongoing M&A program, which focuses on consolidating regional market leaders to strengthen its national service network and technological capabilities in waste treatment. By integrating the Brescia-based cluster, Itelyum expands its industrial wastewater treatment footprint and enhances its regional logistics and remediation services in Northern Italy. The acquisition allows the group to benefit from specialized, high-capacity hazardous waste treatment infrastructure, further reinforcing its competitive advantage in the complex waste management segment. The rationale centers on deepening vertical integration within the circular economy ecosystem, as the target’s operational expertise in fluid waste management and chemical analysis directly complements Itelyum’s existing regeneration and purification business units.

SPECIALACQUE AND SPECIALSPURGHI, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of .

Target

Specialacque and Specialspurghi constitutes a comprehensive environmental services cluster based in the Brescia region of Northern Italy. Specialacque operates as a specialized entity for the treatment of industrial wastewater, leveraging advanced chemical-physical treatment, biological processing, and the management of synthetic or oily emulsions. The facility holds an authorized treatment capacity of 105,000 tons per year, handling both hazardous and non-hazardous waste. The group’s service offering is vertically integrated, supported by J-Wam, which focuses on waste storage, brokerage, and environmental consultancy, and W-Jam Lab, which provides essential analytical services for solid and liquid waste characterization. Complementing this, Specialspurghi brings extensive operational capabilities in environmental remediation and industrial cleaning, supported by a specialized fleet of vehicles. This group serves as a strategic regional hub for industrial waste liquid management, providing vital circular economy support to the manufacturing base in Lombardy.

Ent. Value

Equity Value

Multiples

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EV / EBIT

Historical Financials (EUR)

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2023

2022

Similar deals in Utilities (Regulated Infrastructure)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2025	CAPZA	DI ENVIRONNEMENT	FRANCE	Hazardous Waste
06/2025	SECHE ENVIRONNEMENT	GROUPE FLAMME	FRANCE	Waste Management
03/2025	LATOUR CAPITAL	SULO	FRANCE	Collection & Recycling
02/2025	IRETI	IREN ACQUA	ITALY	Water
01/2025	APOLLO GLOBAL MANAGEMENT / BC PARTNERS	GFL Environmental Services Business	CANADA	Hazardous Waste
06/2024	SECHE ENVIRONNEMENT	ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO)	SINGAPORE	Hazardous Waste
06/2024	VEOLIA	ENVIROPACIFIC	AUSTRALIA	Hazardous Waste
09/2023	TPG	A-GAS	UNITED KINGDOM	Hazardous Waste
09/2023	EURAZEO	2B SERVICES & INNOVATIONS	FRANCE	Waste Management
08/2021	STIRLING SQUARE CAPITAL / DEUTSCHE BETEILIGUNGS (DBAG)	ITELYUM	ITALY	Waste Management

REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPECIALACQUE AND SPECIALSPURGHI by ITELYUM 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.

Acquirer: itelyum