Elaghmore acquires Alucraft

The deal marks the fifth and largest acquisition to date made by Elaghmore from its debut private equity fund, Elaghmore I.

Elaghmore will provide financial backing to deliver the next phase in Alucraft's growth strategy, including expanding its UK operations to grow its market share. It also aims to increase the opportunities for cross-selling between the different subsidiaries of the group.

Following the deal, Alucraft will continue to operate independently, headed by its managing director Jack McHugh. Alongside the group's staff and management team, he will lead the company in the next stage of its development.

Company
Founded in 1965 and headquartered in Dublin, Alucraft is a designer, manufacturer and installer of architectural glazing systems.

As well as architectural glazing systems, the company stocks, supports and advises on a variety of thermo-plastic products, as well as smoke and heat ventilation systems, through its wholly owned subsidiary, William Cox. Together, the group employs a staff of 200.

People
Elaghmore Partners – Andy Ducker (founding partner).
Alucraft Group – Jack McHugh (managing director).

Advisers
Equity – ByrneWallace (legal); IBI Corporate Finance (financial due diligence).

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