We are delighted to announce that Brightwater has been acquired in a management buy out - following a recapitalisation led by Barbara McGrath, (Managing Director), John O’Donnell (Finance Director), and Estelle Davis (Executive Search Director). The deal was supported by Capital Step – a UK-based finance house active in Ireland – and financiers John Hannon and John Lacy.
A specialist recruitment business with offices in Dublin, Cork and Belfast we employ 95 people across the island and we are celebrating our 20th year in business. Brightwater has experienced strong growth in recent years and is now well placed to expand its major presence in the recruitment market in Ireland and Northern Ireland.
Managing Director, Barbara McGrath said the new ownership team was looking forward to building on Brightwater’s strong position in the marketplace and its reputation for exemplary client service. She also pointed towards the possibility of further expansion.
"Our business plan is based on measured growth and further talent acquisition. It will be very much business as usual as we seek to support our clients throughout Ireland. However, we will also be giving serious consideration to any discrete corporate activity that fits with the firm's culture."
Clearwater and RDJ advised the sellers in the transaction, while KPMG, Maples, and Sherwin O'Riordan advised the new ownership group.