UK headquartered private equity firm, Exponet, has bought a majority stake in Limerick based H&MV Engineering.
The Castletroy based company specialises in high-voltage engineering projects for the data centre, renewables and utility sectors.
The financial details of the deal have not been disclosed.
"In Exponent, we have found an ideal partner going forward that is aligned with our culture and believes in our capabilities and continued growth," said PJ Flanagan, H&MV CEO.
"We look forward to working with them as we begin an exciting new phase in our journey and to continued expansion and further job creation."
H&MV Engineering has offices in Ireland the UK, Norway, the Netherlands, Germany, Spain, Italy, India and South Africa.
The stake is being bought from existing private shareholders and management and non-management shareholders are to exit the business.
Mr Flanagan and chief operating officer, John Stokes are to remain significant shareholders
Over the past three years the company has doubled in size and launched a design hub in India.
"We are really excited to be investing into H&MV alongside PJ and John and the rest of the management team," said Tim Easingwood, Partner at Exponent.
"They have built a fantastic business that delivers an excellent service to its blue-chip customers that operate in large and growing end markets."
