Civil and mechanical engineering firm, GMC Group, announced that it has secured a strategic investment from TowerBrook Capital Partners.
It comes at a time of significant growth and expansion at GMC Group, as the company continues to secure and deliver large-scale public and private sector projects across Ireland's infrastructure landscape.
Founded over four decades ago, GMC Group has built partnerships with semi-state bodies and public agencies.
The company delivers full turnkey solutions across seven core sectors: water, gas, power, telecoms, transportation, public sector and renewables.
Following the conclusion of the deal, the management team at GMC, led by CEO Shane McCloskey, will remain the majority shareholders in the business and will continue to lead the company.
"This investment by TowerBrook marks an exciting new chapter for GMC Group," Mr McCloskey said. "It provides us with the resources and strategic support we need to ensure that we continue to deliver projects across Ireland with the same reliability and excellence our customers have come to expect."
TowerBrook Capital Partners is a transatlantic investment management firm with over $25 billion in assets under management. The firm focuses on private equity and structured opportunities across Europe and North America, partnering with management teams to build and transform businesses.
The transaction is subject to approval by the Competition and Consumer Protection Commission.
Clearwater acted as the exclusive financial adviser to the shareholders of GMC Group with legal advice provided by Squire Patton Boggs.
