Dublin-based Ardmac acquired by industrial group Purever

July 2024 — Global industrial group Purever Industries has acquired Ardmac, a Dublin-headquartered international specialist contracting firm.

Ardmac is a provider of clean, technical and working environments to the life sciences, data, micro-electronics, electric vehicle (EV) battery and commercial sectors across Europe. It employs about 500 people and had revenues of US$215 million in 2023.

Purever Industries is a leading industrial manufacturer of cleanroom and isothermal products for a wide range of markets. Purever has operations in seven countries and its products are sold in more than 80. The business, founded in Madrid in Spain in 2001 but now headquartered in Portugal, employs around 1,100 people and had recorded revenues of US$240 million in 2023.

Our role in the transaction

Oaklins’ team in Ireland acted as the exclusive M&A advisor to the shareholders of Ardmac on their sale to Purever Industries. Ardmac has been the Irish team’s long-term client, having previously advised Ardmac’s management on their MBO in 2015. This transaction further demonstrates Oaklins’ track record and expertise in the industrial and mission critical infrastructure services sector, with the Irish team having recently completed five deals in this sector.

Service

M&A sell-side

Parties

“We have worked with Oaklins’ team in Ireland for many years, and their expert advice, planning and commitment has been instrumental in bringing this deal to a successful completion. They clearly understand this sector and provided sound guidance, support and advice throughout our M&A process. We are very pleased with the outcome of the transaction. Purever’s strong and complementary fit, alongside Ardmac, will serve to strengthen the business’ growth ambitions into the future. Likewise, following the completion of the transaction, both businesses will benefit from enhanced capabilities, expertise and scale. It is a great comfort to know the business is in good hands with Luis and the rest of the team at Purever, who appreciate Ardmac’s potential and are targeting growth.”

Ronan Quinn

Shareholder and exiting CEO, Ardmac

Talk to the deal team

Jamie McConnell

Partner

Dublin, Ireland
Oaklins Capnua

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Paul Keenan

Principal

Dublin, Ireland
Oaklins Capnua

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Sarah Prendergast

Associate Director

Dublin, Ireland
Oaklins Capnua

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