Lindbergh SPA (LDB.MI): The HVAC Serial Acquirer Paying 2x EBITDA

In this business breakdowns, I sit down with Lindbergh SPA (LDB.MI) CEO Michele Corradi and COO Andrea Allegrini. The company was originally profiled by MicroCapClub member "mavix" on October 2nd, 2023 at $2.09 EUR per share. This Business Breakdowns discussion took place live on January 21st, 2026, on the MicroCapClub Community. Not part of the community? Join us.

This conversation provides an in-depth look at Lindbergh, a company founded by Michele Corradi and Marco Pomé, focusing on their journey in logistics, waste management, and HVAC services. The discussion covers the evolution of the company, key milestones, and the growth of different business units, particularly HVAC. The founders share insights on their acquisition strategy, cash management, and operational synergies, as well as the challenges they face in integrating various companies. They emphasize the importance of maintaining a lean structure while fostering a culture of best practices and continuous improvement. The conversation concludes with reflections on lessons learned and strategies for managing risks in a rapidly changing market.

You can listen/watch this business breakdowns on Spotify, Apple Podcast, and YouTube below:

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