Irish and UK SME investor, Renatus Capital Partners, has acquired a majority stake in Wicklow based engineering firm, W.H. Scott.
The value of the investment and the size of the stake has not been disclosed.
The money is to be used to support the growth plans of W.H. Scott.
"This investment from one of the most respected companies in this space will guarantee the W.H. Scott Group delivers on its plans to be at the forefront of our chosen business areas," said Patrick Doyle, Managing Director of W.H. Scott Group.
"Renatus Capital Partners has a strong, proven track record and is managed by passionate people who align with W.H. Scott Group's own passion."
Mr Doyle is to continue leading the group following the investment.
Headquartered in Rathnew, Co Wicklow, W.H. Scott Group designs, fabricates, supplies, inspects and certifies equipment used in regulated lifting and industrial markets.
It operates in Ireland and the UK, from a number of depots.
"W.H. Scott Group, led by Patrick Doyle, has positioned itself as a market leader in its space by being ambitious, customer-focused, and uncompromising on product and service quality," said Thomas Sheils, Investment Manager of Renatus.
"We have been hugely impressed with the growth of the business to date under Patrick and the management team’s leadership and are excited by their plans for the Group."
"Renatus is delighted to partner with Patrick and provide the financial and strategic support to help accelerate the growth ambitions."
It is the tenth investment by Renatus from its new €60m fund, backed by the Ireland Strategic Investment Fund.
