{"id":7834,"date":"2019-07-11T00:00:00","date_gmt":"2019-07-11T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/"},"modified":"2026-06-25T13:01:38","modified_gmt":"2026-06-25T17:01:38","slug":"livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","title":{"rendered":"Livingstone advises the shareholders of ABL on its sale to Gulftech International"},"content":{"rendered":"\n

Livingstone acted as exclusive financial advisor to the Ascari family and <\/strong>Itago Private Equity<\/strong><\/a> (formerly Finint & Partners) in the sale of <\/strong>ABL S.r.l.<\/strong><\/a> (”ABL”), a leading Italian designer and manufacturer of fruit processing machinery, to <\/strong>Gulftech International, Inc.<\/strong><\/a> (”Gulftech”), a U.S.-based group specializing in engineered solutions for the food production industry. As part of the transaction, the Ascari family reinvested in Gulftech with a minority stake.<\/strong><\/p>

Based in Cavezzo (Modena) and founded over 40 years ago, ABL<\/strong> has established itself as a global reference in fresh-cut fruit processing machinery, ranking fourth worldwide by market share. The company is known for its engineering expertise and innovation in tailored solutions for the food industry. <\/p>

Since 2015, ABL had been backed by Finint & Partners<\/strong> (now Itago<\/strong><\/a>), a private equity investor that supported the company\u2019s growth and helped strengthen its industrial positioning. The Ascari family, founders of ABL, retained the majority stake and continued to lead the business.<\/p>

Gulftech<\/strong>, headquartered in the United States, is a global leader in food processing technologies, with a portfolio of operating companies providing equipment and services to food producers worldwide. The acquisition is part of Gulftech\u2019s international expansion strategy through targeted M&A.<\/p>

The transaction marks a significant step in ABL\u2019s evolution\u2014enabling the transition to the next generation, the exit of the financial investor, and the company\u2019s entry into an international platform committed to long-term industrial development.<\/p>

\u201cThis cross-border transaction reinforces our ability to connect high-quality industrial businesses with global strategic investors,\u201d<\/em> said Luca Maccagnani Castelli<\/strong><\/a>, Managing Partner at Livingstone<\/strong>. \u201cGulftech\u2019s acquisition provides ABL with the industrial and commercial scale to expand globally while preserving its legacy of engineering excellence.\u201d<\/em><\/p>

Daniela Ascari \u2013 ABL shareholder \u2013 <\/strong>commented: \u201cThe transaction marks the culmination of a journey that began a few years ago when Itago became a shareholder, aimed at giving ABL a more \u2019industrial\u2019 profile. This operation will bring significant benefits to both parties.”<\/em><\/p>

This transaction further strengthens Livingstone\u2019s track record in the Food Processing sector and confirms its capability in advising entrepreneurial families and private equity investors on complex and transformational deals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cross-border transaction enables global scale-up and completes a successful transition to new ownership<\/p>\n","protected":false},"featured_media":2381,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-7834","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1119,1129],"date":"20190711","client_type":3168,"type":[1111],"region":[371,369,376],"services":[434,433],"sectors":[635,637,646,628],"related_transactions":"","related_testimonials":[51248,51249],"contacts":""},"yoast_head":"\nLivingstone advises the shareholders of ABL on its sale to Gulftech International - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livingstone advises the shareholders of ABL on its sale to Gulftech International\" \/>\n<meta property=\"og:description\" content=\"Cross-border transaction enables global scale-up and completes a successful transition to new ownership\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/\" \/>\n<meta property=\"og:site_name\" content=\"Livingstone Partners\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-25T17:01:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/36aef842.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/\",\"name\":\"Livingstone advises the shareholders of ABL on its sale to Gulftech International - Livingstone Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/36aef842.png\",\"datePublished\":\"2019-07-11T04:00:00+00:00\",\"dateModified\":\"2026-06-25T17:01:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/36aef842.png\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/36aef842.png\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Livingstone advises the shareholders of ABL on its sale to Gulftech International\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"name\":\"Livingstone Partners\",\"description\":\"Deals Done Right.\",\"publisher\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\",\"name\":\"Livingstone Partners\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"caption\":\"Livingstone Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/livingstone\\\/\"],\"description\":\"Livingstone is an independent, global M&A and debt advisory firm with a proven track record of delivering exceptional outcomes for private and public businesses and private equity investors.\",\"email\":\"marketing@livingstonepartners.com\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Livingstone advises the shareholders of ABL on its sale to Gulftech International - Livingstone Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","og_locale":"en_US","og_type":"article","og_title":"Livingstone advises the shareholders of ABL on its sale to Gulftech International","og_description":"Cross-border transaction enables global scale-up and completes a successful transition to new ownership","og_url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","og_site_name":"Livingstone Partners","article_modified_time":"2026-06-25T17:01:38+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/36aef842.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/","name":"Livingstone advises the shareholders of ABL on its sale to Gulftech International - Livingstone Partners","isPartOf":{"@id":"https:\/\/livingstonepartners.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/#primaryimage"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/#primaryimage"},"thumbnailUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/36aef842.png","datePublished":"2019-07-11T04:00:00+00:00","dateModified":"2026-06-25T17:01:38+00:00","breadcrumb":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/#primaryimage","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/36aef842.png","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/36aef842.png","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-the-shareholders-of-abl-on-its-sale-to-gulftech-international\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/livingstonepartners.com\/en\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/livingstonepartners.com\/en\/transaction\/"},{"@type":"ListItem","position":3,"name":"Livingstone advises the shareholders of ABL on its sale to Gulftech International"}]},{"@type":"WebSite","@id":"https:\/\/livingstonepartners.com\/en\/#website","url":"https:\/\/livingstonepartners.com\/en\/","name":"Livingstone Partners","description":"Deals Done Right.","publisher":{"@id":"https:\/\/livingstonepartners.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livingstonepartners.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/livingstonepartners.com\/en\/#organization","name":"Livingstone Partners","url":"https:\/\/livingstonepartners.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","caption":"Livingstone Partners"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/livingstone\/"],"description":"Livingstone is an independent, global M&A and debt advisory firm with a proven track record of delivering exceptional outcomes for private and public businesses and private equity investors.","email":"marketing@livingstonepartners.com"}]}},"_links":{"self":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/7834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/types\/transaction"}],"version-history":[{"count":0,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/7834\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/51249"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/51248"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1129"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1119"}],"acf:term":[{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/628"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/646"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/637"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/635"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service\/433"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service\/434"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region\/376"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region\/369"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region\/371"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type\/1111"},{"embeddable":true,"taxonomy":"client-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type\/3168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media\/2381"}],"wp:attachment":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media?parent=7834"}],"wp:term":[{"taxonomy":"client-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type?post=7834"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region?post=7834"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector?post=7834"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service?post=7834"},{"taxonomy":"transaction-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type?post=7834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}