Services
Vicenza, Italy
Entry in 2020
Exit in 2024
Buyer: Seven2
“Fulgard is an Italian excellence in an increasingly important sector. In recent years, especially after COVID, the safety, well-being, and health of workers have been at the forefront of top management’s attention in every company. During these intense years of work, we have made Fulgard the Italian hub of this sector.”
Paolo Scaroni
Chairman at Fulgard
Italy
What we achieved together
Organisation
Acquisitions
Investments
Rebranding
«Fulgard was originally an SME focused on fire safety solutions; alongside the management we transformed it into the Italian leader in workplace health, safety and security. It is another example of Argos’ strategy at work: in less than 5 years we completed 16 acquisitions, tripling both revenues and EBITDA while maintaining the highest standards of service quality. We are very proud to have been part of Fulgard’s story, and we look forward to seeing this company thrive. »
Latest News
Argos signed an Agreement to sell Fulgard to Seven2.
Argos , an independent pan-European investment group, has signed an Agreement to sell Fulgard to Seven2, an independent private equity firm. The Fulgard group is majority-owned by the Argos Mid-Market VII fund.
The deal is expected to be completed by the end of 2024.
Fulgard is a leading provider of integrated services focused on the safety, health, and well-being of its clients’ workforce. The company operates across two main business units: (i) Fire and Protection, offering fire safety maintenance, installation services, and machine protection solutions; and (ii) Soft Services, providing mandatory and non-mandatory training, consulting, and occupational health services. With headquarters in Vicenza and 7 operating offices across Italy, Fulgard has more than 13k clients and is expected to generate revenue of over €117 million in 2024 and EBITDA of c. €22 million. Fulgard employs more than 400 people.
CDS joins Sicura Group, a company supported by Argos, to create the first Italian player in occupational medicine.
Sicura is the leader in Italy for offering services in health and safety at work, overseeing areas of fire prevention, occupational medicine, safety consulting and training, and acting as a reference point for the RSPP function of its clients. In recent years, it has grown rapidly thanks to an effective mix of organic growth and external expansion, of which CDS represents a fundamental step in consolidation.
