Fiorini Industries Srl
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Fiorini Industries Srl - overview
Established
1978
Location
Forli, -, Italy
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Founded in 1978 and based in Forli, Italy, Fiorini Industries S. r. l. operates as the thermal-technical products platform for HVAC&R (Heating Ventilation, Air Conditioning, and Refrigeration).
In October 2023, Mindful Capital Partners, along with the company’s management, acquired Fiorini Industries S. r. l. The company was founded by its CEO, Antonio Fabbri.
The company provides a line of products, including heat exchangers, refrigeration systems, hot water systems, pressure-tested tanks, heat pump systems, and other tailored solutions. The firm distributes its brands through a network of distributors and installers in over 52 countries. The October 2023 acquisition helps the organization to boost business development and market expansion.
Current Investors
Mindful Capital Partners
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.fiorini-industries.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Fiorini Industries Srl - timeline of key events
Fiorini Industries Srl - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 17,775,402 | 17,539,850 | 18,298,243 | 20,171,175 | 21,260,439 | 24,180,040 | 22,384,882 | 27,817,025 | - | - | - |
| % Revenue Growth (YoY) | - | (1.3%) | 4.3% | 10.2% | 5.4% | 13.7% | (7.4%) | 24.3% | - | - | - |
| EBITDA (USD) | 639,764 | 1,229,171 | 1,510,750 | 1,680,872 | 1,399,752 | 1,956,981 | 1,216,062 | 2,513,299 | - | - | - |
| Operating Income (USD) | 96,032 | 680,748 | 1,049,814 | 1,328,981 | 1,136,648 | 1,598,466 | 855,529 | 1,907,962 | - | - | - |
| Operating Margin | 0.5% | 3.9% | 5.7% | 6.6% | 5.3% | 6.6% | 3.8% | 6.9% | - | - | - |
| % EBITDA Margin | 3.6% | 7.0% | 8.3% | 8.3% | 6.6% | 8.1% | 5.4% | 9.0% | - | - | - |
| NET Income (USD) | 17,107 | 389,913 | 384,458 | 707,650 | 881,013 | 1,197,180 | 855,723 | 1,399,975 | - | - | - |
| % Net Margin | 0.1% | 2.2% | 2.1% | 3.5% | 4.1% | 5.0% | 3.8% | 5.0% | - | - | - |
Fiorini Industries Srl - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Fiorini Industries Srl | - |
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Fiorini Industries Srl - employee data
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