The Irish Times Business Person of the Month: Laura Dillon, Waterland

Waterland Ireland agreed to acquire a stake in cross-Border electrical wholesaler Bellew Electrical, its fifth major investment in a company on the island since its arrival here in 2019Laura Dillon, a partner with Dutch private equity group Waterland and head of its Irish unit, has been chosen asWaterland Ireland agreed to acquire a stake in cross-Border electrical wholesaler Bellew Electrical during the month, marking its fifth big investment in a company on the island since its arrival here...

Bellew Electrical Wholesale, headquartered in Crossmaglen, Co Armagh, has three other outlets – in Drogheda and Dundalk, Co Louth; and Castleblayney, Co Monaghan – selling electrical goods wholesale to the construction industry. It generated revenues of more than €30 million in the 12 months to the end of July 2022, with profits topping €3.1 million after tax.

“It’s a very fragmented market where there’s a lot of great independent electrical wholesalers working all across the country that are quite geographically focused,” Ms Dillon said. Growth will be driven both organically – through Bellew’s new distribution centre – but “also hopefully through partnerships with other electrical wholesalers”, she added.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Waterland adds two Irish companies to decarbonisation ‘supergroup’Caldor Solar and Zetta Home Services add to growing platform of specialist companies backed by Dutch private equity group
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

The Irish Times view on the Irish savings market: new competition is both welcome and overdueAn offering from Revolut of interest rates of 2 per cent and more on demand accounts gives a new option to savers
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »