Sienna PE to acquire a majority stake in Teco.

Sienna PE, a value-oriented mid-market European private equity fund, agreed to acquire a majority stake in Teco, an Italian provider of Health, Safety, and Environment consulting services. Financial terms are not disclosed. “We are proud and satisfied with the growth journey achieved over these thirty years. We are confident that the partnership with SPE will allow Teco to enter a new phase of development. After three decades of independent growth, we are ready to position ourselves as a leader in the HSE sector, accelerating our expansion while staying true to the core values of professionalism, quality, and ethics that have earned us the trust of our clients. The current management team will continue to drive the business and will be further strengthened. In SPE, we have found the ideal partner to support and enhance Teco’s rapid growth trajectory,” Ivano Poggi, Teco Founder and CEO.