In December 2017, Gael Form Limited ("Gael Form" or "the Company"), a fast-growing supplier of quality new and used formwork, formwork accessories, and formwork refurbishment service provider to the Engineering, Construction and Precast Concrete industries, announced an over €4 million investment in the business from EIIS Management to fund the continued growth of the business.
Duff & Phelps served as exclusive financial advisor to Gael Form with respect to the transaction, providing M&A and management advisory services. This was the sixth transaction in 2017 that the M&A Advisory team has completed in Ireland.
Colm Griffin, CEO of Gael Form, commented: "This deal marks a milestone for our company as we begin to execute our growth strategy. This initial investment will allow us to add significant capacity and build out our existing customer network."
Stephen McGivern, Managing Director of Goodbody EIIS Funds, commented: "We are delighted to support a growing Irish SME such as Gael Form. The team has consistently demonstrated the ability to grow their business and we look forward to working with them over the coming years."
Aidan Flynn, Director at Duff & Phelps commented: "Raising capital for relatively new businesses is always a struggle and it can be difficult to attract funding from the right investors. Gael Form has proven its strength in the market and its trajectory for growth was a key selling point for investors. We are delighted to have been involved in this deal and we look forward to exploring future opportunities to help fuel Gael Form’s growth in 2018."
About Gael Form Limited
Established in 2012 in Trim, Co Meath, Gael Form provides high-quality formwork supplies and service solutions to the global formwork industry, specializing in the sale and refurbishment of all types of formwork systems.
About EIIS Management
EIIS Management Limited is a joint venture company owned by Goodbody Stockbrokers and Baker Tilly Hughes Blake. EIIS Management acts as the investment manager to the Goodbody EIIS Funds.
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