Private equity invests in Ireland-based lifting business15 November 2023
Ireland-based W.H. Scott Group, a company involved in the design, fabrication, supply, inspection, and certification of equipment used in lifting and industrial markets, has announced that Renatus Capital Partners, an investor in Irish and UK SMEs, has agreed to make a majority investment into the business to support the group’s growth plans.
This is the tenth investment in a company the private equity firm has made, and its first from its new €60m fund, which is backed by the Ireland Strategic Investment Fund. This new fund is focused on providing supportive equity capital to SMEs across the UK and Ireland.
W.H. Scott Group has depots located across Ireland and the UK. The group aims to offer a complete range of lifting and industrial safety solutions to its customers through its four
specialised operating entities: W.H. Scott & Son Engineers, Hiltonne Engineers, Metlab and Re-Ropes.
Patrick Doyle, the group’s managing director, will continue to lead it into this next phase of growth.
Doyle said: “W.H. Scott & Son Engineers has been at the forefront of engineering since its establishment in 1897. Over the years, we have grown exponentially, focusing on quality, people and innovation. Today, we operate in various sectors, including government, utilities, military, transport, construction, pharma, and the lift industry, undertaking large-scale projects from concept to commissioning. We have production, warehouses and offices in Ireland, the UK, and Bosnia.
“At W.H. Scott & Son Engineers, we place a high level of importance on maintaining standards and investing in our people. This commitment has allowed us to consistently deliver exceptional results to our clients.
“This investment from one of the most respected companies in this space will guarantee the W.H. Scott Group delivers on its plans to be at the forefront of our chosen business areas. Renatus Capital Partners has a strong, proven track record and is managed by passionate people who align with W.H. Scott Group’s own passion.”
Thomas Sheils, investment manager of Renatus, said: “W.H. Scott Group, led by Patrick Doyle, has positioned itself as a market leader in its space by being ambitious, customer-focused, and uncompromising on product and service quality. We have been hugely impressed with the growth of the business to date under Patrick and the management team’s leadership and are excited by their plans for the group.
“Renatus is delighted to partner with Patrick and provide the financial and strategic support to help accelerate the growth ambitions.”