Ireland: Private equity firm Waterland Ireland has invested in Industrial Insulation Specialists and fellow insulation systems supplier Secon Construction Services. RTÉ News has reported that the companies will form a combined entity, retaining both companies’ existing leadership teams, under John Naughton as CEO.

Waterland partner Donal Mac Nioclais noted the companies’ potential for organic expansion, saying that "Their work sits at the heart of mission-critical infrastructure across sectors where Ireland and Europe continue to see significant long-term investment, including life sciences, data centres, energy and semiconductor manufacturing."

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