Fredericks Michael & Co. served as the exclusive financial advisor to Sogesta Group on the sale of Safco Engineering to LGB. Safco is a leading global provider of Oil & Gas services with a focus on the design, commissioning and maintenance of fire & gas detection systems for Oil & Gas facilities in Europe, the Middle East, Africa and Asia. The acquirer, LGB, is a new company jointly-owned by Safco's senior management and by Inprotec, an industrial automation company with operations in Italy and North Africa. The divestment of Safco represents a major strategic milestone in Sogesta’s ongoing efforts to strengthen its market position in its core businesses.
FM&Co. advised Sogesta through a competitive sale process and provided guidance on topics including outreach to potential buyers, deal structuring, the drafting of sale documentation and negotiations through to closing.
About Sogesta Group
The Sogesta Group was founded in Milan, Italy in 1984. It consists of a group of engineering companies serving the Oil & Gas and industrial markets. Sogesta's core business is the supply and distribution of process control instrumentation and associated systems in Europe, Africa and the Middle East. For more information, please visit www.sogesta.it
Inprotec was founded in 1992 in Milan, Italy by a group of industrial automation industry professionals with a proven track record in the business. Inprotec delivers integrated safety systems and control systems for process-focused industries (energy, oil & gas, chemical, petrochemical, pharmaceutical, etc.). The company also supplies cutting edge infra-red equipment for vision applications and serves as the local representative for various brands. For more information, please visit www.inprotec.it
About Safco Engineering
Safco Engineering was founded in 2001 and provides engineered fire & gas detection solutions through a mix of state-of-the-art proprietary and third-party products. The company, through its professional management team, also provides system maintenance services and replacement components for clients that operate Oil & Gas facilities in Europe, Africa, the Middle East and Asia. Safco works across various platforms within the Oil & Gas industry including refineries, petrochemical plants, gas treatment plants, gas compression facilities, gas turbines, pumping stations as well as offshore platforms among others. For more information, please visit www.safco.co.at