Projects
Discover how, together with our clients, we create value in the public transport sector.
01
Market Analysis
Market analysis of the Italian public transport sector to identify business opportunities for an international operator.

Marcopolo S.A. is a leading company in the Brazilian market and one of the world's major manufacturers of bus bodies. We conducted an analysis of the European market to assess the technical feasibility of commercializing Coach buses (with 2 or 3 axles).

Alsa S.A. is a Spanish company (part of the UK-based Mobico group) that operates public transport and rental services in Spain and other European countries. We carried out an analysis of the Italian public transport market to identify potential operators for acquisition.

Škoda is a Czech automotive company (part of the Volkswagen Group) that manufactures cars, trams, and trains and operates globally. The analysis aimed to identify market opportunities for trolleybuses in the coming years, focusing on its key European markets, particularly Greece and France.
02
Industrial Business Plan
Drafting, monitoring, and implementation of the Industrial Plan for major public transport operators. for big players in the TPL.

TPL Linea S.p.A. manages local public transport, school transport, rental services, and commercial shuttles in the Province of Savona. We developed a rolling Industrial Plan (subject to annual monitoring and updates), actively involving the client in identifying key challenges and strategically planning a series of efficiency and innovation initiatives over the next 10 years.

Start Romagna S.p.A. operates local public transport, school transport, ferry services, and commercial shuttles in the areas of Rimini, Forlì, Cesena, and Ravenna. We supported the client in the drafting, implementation, and subsequent monitoring of the Industrial Plan.
03
Tender Advisory
Technical and legal assistance for public transport service procurement procedures, acquisition of company shares, and bus fleet purchase/sale.

Tiemme S.p.A. is a Tuscan public transport company primarily managing local public transport, rental, and school transport services. We supported the client in preparing the technical offer and conducting preliminary analyses for the economic bid, assessing its potential financial impacts for the award of urban and interurban public transport services in the Lazio region.

Terravision is an Italian bus operator providing airport transfer services in various European cities. We assisted the client in preparing the technical and economic offer for the tender procedure concerning the supply of electric buses for Fiumicino and Ciampino airports, including maintenance services and the operation of passenger transport services.
04
Feasibility Study
Economic and financial feasibility study for project implementation and in-house awarding of public services.

TPL Linea S.p.A. manages local public transport, school transport, rental services, and commercial shuttles in the Province of Savona. We conducted a preliminary feasibility study for the in-house management of parking facilities in the municipalities of Savona and Varazze.

AMT3 S.p.A. is the company responsible for managing the Urban Parking Plan for the Municipality of Verona, specifically overseeing structured parking facilities and issuing ZTL permits. We conducted a preliminary feasibility study for the in-house management of the San Zeno parking facility.
05
M&A Transactions Support
Assistance in merger and incorporation projects, as well as in the acquisition and sale of companies or business units.

Alsa S.A. is a Spanish company (part of the UK-based Mobico group) that operates public transport and rental services in Spain and other European countries. We provided buy-side advisory services, assisting the client in an initial evaluation phase of an Italian operator through a detailed operational and economic-financial analysis of the company.

Gruppo Zani is a family-owned group of companies operating in Lombardy in the public transport, bus rental, and sightseeing sectors. As part of a corporate spin-off project, we developed a company profile of the business unit to be separated and presented it to potential buyers. Subsequently, we assisted the client on the sell-side, supporting them from the negotiation phase with the buyer to the finalization of the transaction
06
Business Process and Functional Analysis
Support in analyzing business processes and functions to identify challenges and optimization opportunities, enhancing operational efficiency.

ATC Esercizio S.p.A. manages local public transport, school transport, rental services, and commercial shuttles in the Province of La Spezia. We assisted in the reorganization of certain business units by conducting a workload mapping assessment, aimed at defining an optimal organizational structure. The areas involved included the workshop department, personnel management, and administration, finance, and control.

Start Romagna S.p.A. operates local public transport, school transport, ferry services, and commercial shuttles in the areas of Rimini, Forlì, Cesena, and Ravenna. We provided support in conducting an assessment of active and passive cycle procedures, identifying key challenges in the registration process and suggesting possible areas for improvement.

Cooperativa Riolo Terme is a transport company in Emilia-Romagna that offers local public transport, commercial shuttle services, and rentals. We assisted the client by analyzing the current organizational structure of rental services to assess its present and future economic sustainability.
07
Restructuring
Support in drafting corporate restructuring plans aimed at addressing financial challenges and enhancing operational performance.

Seatur S.p.A. operates urban transport lines in various municipalities within the provinces of Rome and Viterbo, as well as commercial services. We provided assistance in developing a restructuring plan, including an assessment of the current situation, identification of necessary interventions, and the preparation of a prospective Economic and Financial Plan (EFP). Our support continued through the renegotiation of debt and service contracts, culminating in the search for an industrial partner.
08
Implementation of Art Resolutions
Support in preparatory activities for the correct implementation of ART resolutions on separate accounting in financial statements.

Cooperativa Riolo Terme is a transport company in Emilia-Romagna that provides local public transport, commercial shuttle services, and rentals. We assisted the client in defining cost allocation drivers for economic and asset values, aimed at compiling the Income Statement and Balance Sheet frameworks required by the Transport Regulation Authority (ART) resolution.