Ecogest Raises €5M Sustainability Bond from Riello Investimenti

Ecogest spa, a prominent Italian firm specializing in green infrastructure maintenance for roadways, has successfully raised €5 million through a sustainability-linked bond. The financing was fully subscribed by the Impresa Italia II fund, managed by Riello Investimenti sgr. This strategic capital injection is earmarked to fuel Ecogest's international growth trajectory, reinforcing the synergy between its industrial expansion and environmental performance objectives.

The company's commitment to ESG principles is deeply embedded in its operational model, focusing on enhancing efficiency and minimizing the ecological footprint of infrastructure projects. Beyond environmental considerations, Ecogest also emphasizes its social impact, fostering a diverse and multicultural workforce as a core organizational strength. This approach aligns with the growing investor demand for sustainable investments, a trend that saw global ESG assets reach an estimated $37.8 trillion in 2023, according to Bloomberg Intelligence.

This funding round marks a significant milestone for Riello Investimenti sgr, as the Impresa Italia II fund concludes its portfolio construction with this investment. The fund's strategy typically targets established Italian companies with strong growth potential, aiming to support their development and internationalization. The bond's structure, tied to specific environmental targets, underscores Ecogest's dedication to measurable sustainability outcomes.

Ecogest, headquartered in Ravenna, is wholly owned by Greenway Group srl, led by President Valerio Molinari. The company provides essential services such as mowing, pruning, environmental restoration, and green area upkeep for road and highway networks. Its advanced operational model leverages specialized technical expertise, dedicated equipment, and cutting-edge technology, ensuring high standards of efficiency and safety across major infrastructure projects. In 2025, Ecogest reported revenues of €14.7 million, with an EBITDA of €3.3 million and a net financial debt of €9.7 million.

The company has already established a solid presence in Canada, where it stands as the leading Italian operator in infrastructural green maintenance. The newly acquired capital will bolster its expansion efforts in North America, particularly in the United States, where Ecogest has been active since 2025 in Delaware and Virginia. The recent establishment of Ecogest Virginia Corp signifies a strategic move to further industrialize its production processes within the U.S. market, mirroring the successful model initiated in Canada.

Valerio Molinari, President of Ecogest, commented on the transaction: "Ecogest's growth is now fully industrial and international. The entry of Riello Investimenti sgr is a crucial step in our evolution." This sentiment highlights the company's ambition to scale its operations globally while maintaining a strong focus on sustainable practices. The deal also involved significant advisory support, with ABC Company acting as financial advisor, EpyonVivida for vendor due diligence, Bonelli Erede as legal advisor for Ecogest, and Studio Legale Gianni & Origoni serving as legal advisor to Riello Investimenti sgr.