Transaction

GMC secures investment from TowerBrook Capital Partners

Transaction

GMC on its investment from TowerBrook Capital Partners

Sell-side

Undisclosed

Role

Adviser to GMC on its investment from TowerBrook Capital Partners

Sector

Industrial & Chemicals

Region

Ireland

We have advised GMC Group (GMC), the leading multi-disciplinary utility provider for critical infrastructure projects in Ireland, on its investment from TowerBrook Capital Partners (TowerBrook).

Founded over four decades ago, GMC operates across four key sectors: water, gas, power and public infrastructure. GMC has built longstanding and trusted relationships with semi-state bodies and specialists in full turnkey design and build solutions.

TowerBrook is a transatlantic investment management firm with over €21bn ($25bn) 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.

This milestone comes at a time of significant growth and expansion at GMC, as the company continues to secure and deliver large-scale public and private sector projects across Ireland’s infrastructure landscape. GMC plans to leverage TowerBrook's partnership to scale its organisation, accelerate its growth ambitions, and continue delivering high-quality, critical infrastructure that communities can rely on.

Following the conclusion of the transaction, the management team at GMC, led by CEO Shane McCloskey, will remain the majority shareholders and will continue to lead the company.

In addition to advising GMC, our Irish debt advisory team also supported TowerBrook on the financing of this transaction, arranging debt facilities from Tikehau Capital and Bank of Ireland. This integrated approach ensured a seamless execution for both the equity and debt elements of this deal.

This transaction is subject to CCPC approval.

excavation trench on city street

This investment by TowerBrook marks an exciting new chapter for GMC. 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. Importantly, it will help accelerate our growth ambitions and ensure we remain a trusted partner for the delivery of critical infrastructure developments and services into the future. We would also like to thank the Clearwater team of John Sheridan, John Curtin, John Devine, and Matthew Fee for their expert advice and guidance throughout.

Shane McCloskey, CEO, GMC Group
excavation trench on city street

We are delighted to announce our investment in GMC. GMC’s reputation for technical excellence, operational reliability, and its deep-rooted relationships with Ireland’s key infrastructure stakeholders make it an ideal partner. We look forward to supporting the team, as GMC continues to scale its operations and deliver mission-critical services that benefit communities across the country.

Joseph Knoll, Managing Director, and Sumit Dheir, Senior Principal, TowerBrook Capital Partners

We are delighted to have advised GMC on its investment from TowerBrook Capital Partners. It has been a pleasure working with Shane, Greg, Dermot and Cathal, whose leadership has been central to the company’s success. GMC’s strong market position and proven track record, coupled with Towerbrook’s significant experience investing across the infrastructure services sector, should lead to an excellent partnership. Against the backdrop of significant macro tailwinds in the Irish market, we look forward to seeing the business accelerate its growth and continue to deliver Ireland’s critical infrastructure.

John Sheridan, Managing Partner, Clearwater

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