Cardinal Ireland Partners, an Irish private equity growth fund managed by CardinalCapital Group, has invested in Uform, a manufacturer and distributor of kitchen doors and accessories, with plans to scale the business.
Founded in 1993 by Eamon and Paul Donnelly, alongside their late father Eddie, Uform employs 415 people at facilities in Co Antrim and Co Donegal.
The company delivers more than 1,500 kitchens per week to a customer base throughout the UK and Ireland.
Eamon and Paul Donnelly will remain "significant" shareholders in the business, alongside Cardinal and BGF, a UK-based investment company.
"Uform has the potential to scale significantly and become a market leader over the next four years," said Paul Doody, Associate Director at Cardinal Capital Group.
"We have looked at many companies in the wider kitchen, bedroomand bathroom space. The quality of the Uform offering, its competitive positioning and the management team stand out as being best in class," he added.
Simon Oliphant, Group Managing Director of Uform said the company has always had the ambition and the ability to grow.
"We see very considerable opportunity in both the Irish and UK markets. This investment by Cardinal will allow us to realise that potential," he said.
The investment by Cardinal will be used to significantly expand Uform's operating capacity at its 175,000sq ft facility in Toomebridge, Co Antrim.
The investment will also be used to bolster Uform’s expertise, capability and capacity in paint-to-order products, providing customers with a wide selection of colours and finishes.
Cardinal’s investment will also be used to increase capacity at Uform’s sister company, Andoras. Based in Donegal, Andoras produces made-to-order artisan kitchen furniture under the recently established "Novelle by Aisling" brand.