€4M Investment Lays Foundation for Success as Gael Form Eyes Expansion

DUBLIN - Gael Form, a leading construction formwork supplier, has secured over €4 million in equity funding through the employment and investment incentive scheme advised by Duff & Phelps, the premier global valuation and corporate finance advisor with offices in Dublin. 

The investment comes as Gael Form, a fast-growing formwork company in Europe, expands its operations throughout the UK, Europe and Ireland, building on its existing presence within the markets. The funds raised will be used to increase inventory levels to meet strong demand from Gael Form’s rapidly expanding customer base.

Duff & Phelps Ireland brokered the deal on behalf of Gael Form, attracting investment for growth capital from the Goodbody EIIS Funds, a joint venture between Goodbody and Baker Tilly Hughes Blake. This is Duff & Phelps’s sixth deal in Ireland to close in 2017. 

Commenting on the announcement, Aidan Flynn, Director at Duff & Phelps Mergers & Acquisitions practice said: “Raising capital for relatively new businesses is always a struggle and it can be difficult to attract funding from the right investors. Gael Form has proven its strength in the market and its trajectory for growth was a key selling point for investors. We are delighted to have been involved in this deal and we look forward to exploring future opportunities to help fuel Gael Form’s growth in 2018.”

Stephen McGivern, Managing Director to the Goodbody EIIS Funds, commented that: “We are delighted to support growing Irish SMEs such as Gael Form. The team has consistently demonstrated the ability to grow their business and we look forward to working with them over the coming years”.

Established in 2011 in Trim, Co. Meath, Gael Form provides high quality formwork supplies and service solutions to the global formwork industry, specialising in the sale and refurbishment of all types of formwork systems.

Commenting on the deal, Colm Griffin CEO at Gael Form said: “This deal marks a milestone for our company as we begin to execute our growth strategy. This initial investment will allow us to add significant capacity and build out our existing customer network.”

In 2015, Gael Form won the Bank of Ireland Grand Prix Start-up Award, having been recognised as one of the most innovative, successful and aspirational Irish start-up companies of recent years. 

Services offered by the Gael Form currently include formwork refurbishment, formwork hire and scaffolding hire, alongside a dedicated design engineering service which provides complete project-specific planning expertise to clients across the UK and Europe.

About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, disputes and investigations, M&A, real estate, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com. 

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