Exciting News at Buttimer Engineering
Buttimer Engineering is entering an exciting phase as we continue to expand our operations in Ireland, the UK and Internationally.To support our ambitious growth plans, we are pleased to announce that Development Capital have invested in our business. This minority investment will enable us to accelerate our expansion strategy in both existing and new markets, more than doubling revenues to €65 million, and increasing our workforce to over 400 by 2028. Development Capital will also provide strategic guidance and networks to further enhance our innovation and growth.
Headquartered in Cahir, Co. Tipperary Ireland since 1978, Buttimer Engineering is a diversified engineering business, providing Engineering, Design, Fabrication, Procurement, Turnkey Project Delivery and O&M services across various industries. Specialising in dry and liquid bulk materials handling systems, we provide engineered solutions to a range of sectors including Energy & Power Generation, Pharma, Food & Beverage, Process Industries, Data Centres and Ports.
Led by Fergal Buttimer, CEO, along with an experienced senior management team, the company has achieved significant revenue growth in recent years and currently has a workforce of over 200 (including sub-contractors). In 2019, Buttimer Engineering opened a modern 3,580m2 premises in Cahir, Co. Tipperary which includes a head office, workshops and a large-scale dedicated stainless steel fabrication facility to service the Food &Beverage and pharma sectors.
Buttimer Engineering is forecasting that more than 55% of its Revenue growth will come from international markets driven by the following:
- An increasing demand for projects in the UK market where UK Ports & Infrastructure network is nearing the end of its c.25-year lifecycle and will require replacement or upgrading.
- Expansion of services to include electrical division (headed by Strategic Development Director David Phelan) that will initially service existing projects/clients, enabling the company to offer current clients a complete service offering
- Growth driven by increased activity in key sectors including food & beverage (changing consumer preferences & sustainability), Energy & Power Generation (UK and European data centre growth) and Ports (ageing and upgrade of existing assets).
Fergal Buttimer, CEO said: “Being our first external investor this investment and collaboration with Development Capital marks a significant milestone for Buttimer Engineering and aligns perfectly with our long-term vision. We look forward to working with Fran Stafford, Andrew Bourg and the wider Development Capital team to drive further growth and to fuel our expansion plans.”
Addressing the investment alignment with Development Capital Fund II, Development Capital Partner and Co-Founder Andrew Bourg said: “We are delighted to complete this investment in Buttimer Engineering, our second investment in Munster. Buttimer Engineering is an established and fast-growing business with a clearly defined growth plan that is led by an experienced and ambitious CEO and senior management team. We spent a lot of time getting to know them and we are really looking forward to partnering and assisting them accelerate that growth potential.”
Photo: L to R, Cian Corbett, David Phelan, Denis O’Shea, Declan McGrath, Fergal Buttimer, Andrew Bourg, Fran Stafford, Michael Murphy, Tom Cahill.
