Fulgard unveils a 60 million plan to consolidate its position as the national leader in security

The Fulgard Group has consolidated and acquired six companies in the corporate security services sector, ranging from occupational health to safety consultancy, training and fire safety. The plan drawn up by the company – owned by the Seven2 fund and led by CEO Nicola Baroni – is worth 25 million and marks the start of a phase of growth through external expansion, “with the aim of creating a national leader in the sector”, explains Baroni. This plan is set to reach 60 million in investment by the end of the year, and by 2026 will take the Group to a turnover of 160 million, with a total workforce of around one thousand. In the medium term, it will proceed at an average rate of ten acquisitions per year.

The business services market is worth 4 billion euros, employing thousands of staff and external consultants, most of whom possess a high level of technical specialisation. However, this sector is characterised by extreme fragmentation, to the extent that over half of its value is held by local micro-operators, professional practices or individual doctors, and the top three or four operators combined do not even account for 20 per cent of the market share. “We believe it is important,” explains CEO Baroni, “to consolidate Italian organisations to ensure widespread coverage of services across the market and consistent quality in the services that companies require, often in different parts of the country. Today, on average, every company has around fifteen providers of this type of service across its various operational sites – a system which we believe must evolve to ensure effective governance, full traceability of operations and consistent quality standards throughout Italia.”

The Fulgard Group, Italy’s leading provider of security services, has three core areas of expertise: occupational health, safety consultancy and training (HSE and ESG), as well as the maintenance of fire-fighting equipment and systems and the safety of production machinery. These acquisitions strengthen the Group’s presence in Lombardy, Piedmont and Emilia-Romagna and establish its first direct presence in Southern Italy. A second round of acquisitions, following the initial six, is planned by the end of the year. The acquired companies are Mesak of Brescia, which specialises in safety consultancy and training with a strong focus on the agricultural sector; La-Med, also based in Brescia, which operates in occupational health; and the two companies acquired in Romagna, Sealab and Centro Medico Fisios. Rounding off the portfolio are Cuny Fire Service, a Cuneo-based company specialising in the maintenance of fire-fighting equipment and systems, and Tecsial, a Bari-based company which is the leader in Puglia in safety consultancy and training for SMEs.

The six new companies expand Fulgard’s geographical reach and, thanks to the Bari site – the largest acquisition – the Group is establishing a direct presence in Southern Italy. Fulgard now has 34 offices in Italia, over 850 direct employees and a network of more than 1,300 external consultants and doctors. It carries out around 500,000 medical examinations a year, maintains over 870,000 fire safety installations with more than 410,000 interventions annually, and trains over 70,000 workers, with a client base exceeding 70,000 companies across all sectors, ranging from manufacturing to the chemical and pharmaceutical sectors, from oil & gas to retail and public administration.