The deal is the latest in a string of acquisitions by Erisbeg in recent years. Founded by former DCC executive Thomas Davy and Blackstone alumni Alan Kerr, the business has done 17 deals since it was set up six years ago. It’s latest fund is deploying about €110 million in capital at present.
Meath-headquartered EMR employs 60 people. lt supplies telecommunications and cybersecurity solutions across the utility, infrastructure and transportation sectors. Clients include Irish Water as well as the UK National Grid. It recorded sales of €18 million in 2022. Erisbeg is among a number of private equity firms that have set up in the Republic in the past decade to invest in SMEs.
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