An Italian consortium of 5 companies acquired EG Italia
A consortium of private Italian operators acquired the Esso-branded distribution network in Italy, marking the return to national ownership of a strategic asset for the energy and mobility sector.
A consortium comprising Pad Multienergy, Vega Carburanti, Toil, Dilella Invest, and Giap, long-standing players in the Italian fuel distribution sector, collectively owned by six entrepreneurial families took over EG Italia (Esso branded wholesaler), a subsidiary of the British EG Group.
The transaction involves approximately 1,200 retail outlets, accounting for about 6% of the national network, distributed throughout Italy and including not only refueling stations but also ancillary roadside services, such as convenience stores and restaurants. The value of the transaction is set at EUR 425 million.
The consortium members, which have been operating in the sector for decades, are:
• Pad Multienergy, owned by Brixia Finanziaria, belonging to the Zani Ondelli family from Brescia, and Goldengas, belonging to the Petrolini family from Senigallia, the exclusive licensee of the Shell brand in Italy.
• Vega Carburanti, owned by the Vianello family from Mestre, a pioneer in LPG supplies at national level, currently managing more than one hundred sales outlets in northern Italy.
• Toil, owned by the Toti family from Naples, a fuel distributor mainly in southern Italy.
• Dilella Invest, owned by the Dilella family from Bari, operating mainly in Puglia.
• Giap, owned by the Minardo family from Modica, has been managing 200 stations throughout Italy since the 1970s.
EG Italia, founded in 2018 following the acquisition of Esso Italiana as part of a strategic partnership with ExxonMobil, recorded a turnover of approximately €2 billion in 2024 and employs 400 people. The 1,200 facilities involved in the transaction supply a total of approximately 1.4 billion liters of fuel per year. For EG Group, the sale of EG Italia represents its exit from the Italian market and is part of a strategy to focus on other key markets and reduce debt, as highlighted by CEO Russ Colaco.
Vega Carburanti was advised as financial advisor by the Mid Cap Advisory team of EQUITA, the Italian partner of Clairfield International. EQUITA also acted as debt advisor for Vega Carburanti and Dilella Invest.
The legal aspects of the transaction were handled by Gianni & Origoni and Zaglio, Orizio e Associati, while EY-Parthenon handled the accounting activities and Pirola Pennuto Zei & Associati handled the tax aspects.
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