Benchmark International is delighted to announce the majority sale of Irish fire-protection systems company, Writech, to Waterland.
Established in 1981 by Thomas and Mary Wright, Writech provides fire protection system design, installation, manufacture, commissioning, and services across a range of sectors including logistics, data centres, life sciences, office, retail, and food & beverage.
Sons Ted and Alan Wright took over the business in 2008, now generating more than €20m in revenue. Writech will use Waterland’s investment to expedite expansion plans in Europe and the UK, as well as increase output at its Mullingar centre, creating over 30 jobs.
Waterland is a Dutch-based private equity house, headed by Laura Dillon in Ireland. The investment group has €8bn in assets under management across Belgium, the Netherlands, the UK, Germany, France, Denmark, Poland, and Switzerland.
Writech CEO, Ted Wright, said: “We are delighted to be partnering with the Waterland team who are experienced in working with family businesses and share our vision for creating a European leader in the fire safety market. Having such a strong and experienced partner enables us to accelerate our ambitious plans and unlocks exciting new opportunities for organic and acquisition led growth in Ireland, the UK and Europe.”
Benchmark International is delighted to have had the opportunity to work with Ted, Alan, Waterland and all the advisors involved in the successful majority sale of Writech.
On behalf of everyone at Benchmark International, we wish Ted, Alan and Waterland all the best.
Waterland investment chief Donal Mac Nioclais (left) with Writech CEO Ted Wright (centre) and MD Alan Wright (photo credit: Naoise Culhane).
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $7B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.
Website: http://www.benchmarkintl.com
Blog: http://blog.benchmarkcorporate.com