Riello Investimenti SGR subscribes to the issue through the Impresa Italia II fund
Milan, 30 June 2026 – Ecogest S.p.A., Italy’s leading provider of green infrastructure maintenance services, is accelerating its international growth plan thanks to a €5 million bond issue subscribed to by Riello Investimenti SGR through its second private debt fund, Impresa Italia II.
The proceeds will be used to support the group’s expansion into foreign markets, with a particular focus on North America, where Ecogest is currently the first and only Italian operator in the sector present in Canada and is consolidating its presence in the United States. The transaction represents a further step in the company’s business plan, aimed at strengthening its growth, competitiveness and international positioning.
The transaction is structured as a Sustainability-Linked Bond, linking the financing to the achievement of specific environmental targets and reinforcing the group’s path towards sustainable growth.
In recent years, Ecogest has established a stable presence in North America through its subsidiary Ecogest North America Inc., which currently operates on approximately 40 per cent of the primary motorway network in the Canadian province of Ontario. The group now aims to further expand its presence in Canada and strengthen the development path already underway in the United States, where it has been present since 2025 with a holding company in Delaware and an operating company in Virginia.
Specialising in the maintenance of green spaces along major road and motorway infrastructure, Ecogest carries out activities that are fundamental to the safety and quality of road networks, including mowing, pruning, tree maintenance and environmental restoration. Over time, it has developed a highly specialised business model, based on technical expertise, dedicated equipment and advanced technologies, which enables it to operate to high standards of efficiency, safety and sustainability.
Alongside its environmental focus, Ecogest also prioritises social responsibility through a multicultural and diverse workforce, which is one of the defining features of its corporate culture.
“Ecogest’s growth trajectory is now fully industrial and international,” commented Valerio Molinari, the majority shareholder of Ecogest S.p.A. – “The entry of Riello Investimenti SGR marks an important step in our evolution, as it enables us to accelerate our expansion into foreign markets, starting with Canada, where we continue to grow through a well-established presence and where we intend to replicate and develop the model already proven in Italy.”
Ecogest is the latest company to receive funding from the Fondo Impresa Italia II and marks the final stage in the construction of its portfolio, bringing to the fund the value of an investment in a sector that is counter-cyclical to current market dynamics and the geopolitical context.
Alberto Lampertico, Investment Director of the Impresa Italia II Private Debt Fund managed by Riello Investimenti Sgr, stated: “With the investment in Ecogest, we are completing the Impresa Italia II Fund’s portfolio by supporting a leading company in its niche within a public utility sector, capable of combining operational strength, technological innovation and environmental impact. All this within a counter-cyclical business, which is no small matter in the current macroeconomic climate. There is often talk of the internationalisation of SMEs: this project is a very concrete example of our focus on identifying successful initiatives led by outstanding organisations which, due to their size, require support to realise their growth plans abroad.”
The transaction was carried out with the support of ABC Company S.p.A. Società Benefit as financial adviser, EpyonVivida for vendor due diligence, BonelliErede as legal adviser and Valdani Vicari & Associati (VVA) as financial adviser to Ecogest S.p.A.
Gianni & Origoni (Marco Gatta and Andrea Zorzi, Solicitors) acted as legal advisers to Riello Investimenti SGR.