Mullingar-based multidisciplinary building consultancy ORS has announced that Irish-owned investment firm Erisbeg has acquired a majority stake in the company to support the next phase of its development.
The investment will support ORS to grow organically and through acquisition and will see it fill 150 new positions nationwide over the next three years.
Established in 1991 by Paul O’Reilly and Finbarr Stuart and currently led by managing director John Brennan, ORS has expanded significantly in recent years due to its award-winning employee care initiatives and people-centric culture.
John Brennan and the board of directors will continue to lead the business over the next phase of its development. This expansion will include a new office base in Cork in addition to its six office locations spread across the country.
Next phase of expansion
John Brennan commented, “We are truly excited about partnering with the Erisbeg team. At ORS, our culture is at the core of everything we do. Finding a partner that valued this approach was very important to us. We look forward to working with the Erisbeg team on the next phase of our expansion.”
Andrew Murphy, Partner, Erisbeg, commented, “From the first time we were introduced to ORS and its management, we were struck by the quality of the business. Fundamentally the strength of the management team and the depth of engineering expertise across the business was striking and give us great confidence in the ability of ORS to deliver strong growth both organically and through acquisition.”
Erisbeg I LP invests in Irish SMEs with ambitious management teams with a strategy to grow their business organically in Ireland and internationally. This is the fourth transaction that Erisbeg has completed in this calendar year. ORS will add to Erisbeg I LPs compliance platform. This is the first investment by Erisbeg into construction and building consultancy.
LK Shields (Legal), Deloitte (Financial) and EY (Tax) advised Erisbeg on the transaction. ORS was advised by Focus Capital, Amoss Solicitors and BCA Chartered Accountants.