Five Stars S.p.A. has been acquired by Armonia Group

Turin – CFI is pleased to announce that it acted as exclusive financial advisor to Five Stars S.p.A., a provider of logistics consulting and supply chain services, in its acquisition by Armonia Group, an Italian company specializing in integrated warehouse logistics and industrial production outsourcing.

Five Stars S.p.A. specializes in logistics consulting, supply chain management, and facility services. With a focus on streamlining operations and reducing costs, it provides tailored solutions including warehouse outsourcing and logistics process optimization & Packaging, assembly, and quality control.

Armonia Group specializes in logistics and production management, offering tailored outsourcing and insourcing solutions. It either handles operations at its own facilities or deploys skilled teams directly within client sites to manage entire workflows or specific departments.

Following the transaction, Armonia Teklog has welcomed Five Stars’ founder, Massimo Allasia, into its shareholder base and Board of Directors, leveraging his deep sector knowledge to complement Armonia’s executive leadership team led by Chairman Mirco Serafino and CEO Pier Paolo Quaranta.

With a combined workforce of more than 900 employees and a projected consolidated revenue exceeding €51 million for 2024, the two companies aim to maximize operational synergies and deliver enhanced service offerings across industrial, fashion, cosmetics, automotive, and food & beverage sectors. The integration combines Armonia’s expertise in 3PL warehouse logistics, third-party transportation, and industrial cleaning with Five Stars’ specialization in consultancy and intralogistics services for industrial clients.

With five logistics hubs totalling over 100,000 sqm and more than 20 service contracts under management, the merger positions the new group as a reference point for value-added integrated logistics services in the region. Together, the companies process more than one million shipments per year, reaffirming their commitment to excellence and innovation in supply chain operations.

This transaction closed on 29 July 2025.