Latest news with #PatWalsh
Yahoo
5 days ago
- Business
- Yahoo
Kingspan Ramps Up Planned US Roofing Investment to $1 billion
STILLWATER, Okla. and CUMBERLAND, Md., June 5, 2025 /PRNewswire/ -- Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is ramping up its commitment to the US from $750m with $1 billion of capital investment over the next 5 years. The One Big Beautiful Act, when enacted, should make the returns even more compelling. Progress at our groundbreaking Roofing facilities in Maryland and Oklahoma is continuing apace and both will be in production in 2026. As a consequence of the significant market and cross sell opportunity we are closely exploring an entry to the shingles category to be potentially based at our hundred-acre roofing campus in Oklahoma. The logistical synergies of a roofing mega-site, the largest in the US, centrally located, and a channel synergy of full spectrum commercial and residential applications will be unrivalled. It will target a ROCE in excess of 20% within 4 years on a $250m investment, within the overall $1 billion capital plan. We expect these investments will materially contribute to the Group's earnings over the next decade and beyond. For Reference: Lorcan Dowd Company Secretary T: + 353 (0)42 9698000 Pat Walsh, Murray Consultants T: +353 (0) 87 2269 345E: pwalsh@ View original content: SOURCE Kingspan Group plc
Yahoo
6 days ago
- Business
- Yahoo
Withum expands with PKF Texas merger
New Jersey-headquartered CPA firm Withum has expanded its practice with the addition of Pannell Kerr Forster of Texas (PKF Texas), a public accounting, tax, and business advisory firm based in Houston. This move will see PKF Texas' 20 partners and approximately 160 team members become part of Withum. The PKF Texas team will continue to operate from their existing office at 5847 San Felipe St., Suite 2600, in Houston. PKF Texas director and chairman of the Board Gary Voth said: "We are very excited to become part of the Withum team. Our promise has always been to build personal connections through forward-thinking expertise to help our clients reach their goals." "Our clients will now benefit from a larger platform of national and international resources, deeper technical expertise and specialised knowledge. Withum managing partner and CEO Pat Walsh added: "Uniting our firms enables us to grow a portfolio of energy and oilfield service businesses nationwide. A piece of our M&A strategy aims to build around existing capabilities to create a more holistic client service approach. Diversity in expertise, experience and culture strengthens our ability to serve our clients and attract talent. Having a presence in Space City opens up fantastic growth opportunities, and we're thrilled to be here." The merger enhances Withum's industry strengths by adding an 'established' energy and oilfield services practice. Other areas of expertise that will be bolstered through the merger include financial services, manufacturing, professional services, technology, and private client services, along with a suite of client accounting and advisory services. Withum, founded in 1974, operates on a local-to-global scale. It has 26 offices and generates an annual revenue of $578m. The latest move follows Withum's merger with CTM CPAs & Business Advisors, which saw the integration of four partners and approximately 50 team members. "Withum expands with PKF Texas merger" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
27-05-2025
- Business
- Yahoo
Vertis Invests in DunPort Capital Management to Drive European Private Credit Expansion
Strategic Partnership Supports DunPort's Ongoing Fundraising and Growth Across Continental Europe LONDON and DUBLIN, May 27, 2025 /PRNewswire/ -- DunPort Capital Management ("DunPort"), a leading private credit manager, and Vertis Capital Partners ("Vertis"), a UK-based alternative investment firm focused on asset-backed finance and private credit, today announced a strategic long-term partnership. As part of the transaction Vertis will take an initial minority stake in DunPort which is expected to increase in the future based on various milestones. DunPort's Executive Directors Pat Walsh and Ross Morrow will continue to lead the business. The strategic partnership strengthens DunPort's position as a premier lender to lower mid-market companies across Europe. Since inception in 2017, DunPort has deployed over €1.3 billion to 68 borrowers across its core markets. The investment aligns with DunPort's fundraising for Willow Corporate Credit DAC, its fourth private credit fund, which aims to raise up to €1 billion to expand its lending platform across selected European jurisdictions. DunPort announced a €200 million cornerstone commitment from their existing Investors for Willow in December 2024 and continues to actively fundraise for its lower mid-market credit strategy. Through the transaction, DunPort will collaborate closely with Vertis and its affiliate, Henry Costa Partners ("Henry Costa"), a specialist merchant bank, to accelerate institutional fundraising and provide tailored fundraising solutions to channel capital from insurance companies and other long-term investors into the real economy. As part of the strategic partnership: Dermot Browne, former CEO of Aviva Ireland and a former senior executive at Zurich Insurance, joins DunPort's Board as an Independent Non-Executive Director. Ralf Ackermann, co-founder of Vertis, will join DunPort's Investment Committee. Henrik Matsen, founder of Henry Costa Partners, also joins DunPort's Board of Directors serving alongside its Chairman David O'Flanagan and the existing NED's Iain Burnett and Eugenee Mulhern. Ralf Ackermann, co-founder of Vertis, said:"DunPort has built an outstanding franchise with rigorous and disciplined credit selection focusing on downside protection. Our investment reflects Vertis' strategy to back high-quality platforms across Europe and help scale them through enhanced institutional connectivity and structuring expertise." Pat Walsh, Executive Director at DunPort, commented:"This partnership marks an exciting new chapter for DunPort. The combination of Vertis' institutional relationships and Henry Costa's structuring expertise will be invaluable as we continue to scale our platform and expand our geographical reach in a targeted way. The addition of Dermot and Henrik to our Board further strengthens our governance as we enter this next phase of growth." Ross Morrow, Executive Director at DunPort, added:"Through our partnership with Vertis and Henry Costa, we are well-positioned to accelerate DunPort's growth across key European markets, including the Benelux, DACH and Nordic regions, while continuing to serve Ireland and the UK. Their combined expertise complements our proven credit and origination strengths, enabling us to target larger, more complex transactions in the lower mid-market while maintaining the disciplined investment approach that has been central to our success." Financial terms of the transaction were not disclosed. Ashcombe Advisers LLP and McCann FitzGerald LLP acted as financial and legal advisers to DunPort. William Fry LLP acted as legal counsel to Vertis. About Vertis Capital Partners Vertis Capital Partners is a London-based alternative investment firm specializing in private credit and asset-backed finance ("ABF") across the UK and Europe. Led by former Apollo and Searchlight executives, Vertis builds and scales high-quality credit platforms with a disciplined focus on downside protection. About DunPort Capital Management DunPort Capital Management is a Dublin-based private credit manager providing flexible financing solutions to lower mid-market companies across Europe. Since its inception in 2017, DunPort has deployed approximately €1.3bn and established a strong track record of disciplined underwriting and active portfolio management. About Henry Costa Partners Henry Costa Partners is an independent merchant bank serving insurers, banks, and investment managers across two core divisions: Advice & Principal Investments and Capital Markets. The firm is built on deep alignment of interest, investing its own capital alongside clients. With a culture rooted in humility, trust, and long-term partnership, Henry Costa is committed to client-centricity and unwavering collaboration at every level. Media Contacts For information on Vertis Capital Partners, please contact: media@ For information on DunPort Capital Management, please contact: View original content: SOURCE Vertis Capital Partners Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Independent
09-05-2025
- Business
- Irish Independent
Investment firm DunPort to get £90m funding from UK bank
The company, which finances debt capital to businesses in Ireland, the UK, Belgium, the Netherlands and Luxembourg, will receive the funding – a £40m uplift on an original funding amount – from British Business Bank to support lower mid-market companies based in the UK through its co-investment vehicle, Alder. Alder provides tailored debt capital solutions to companies that have a turnover of less than £100m that are predominantly based, headquartered or operating in the UK. Since last year, Alder has invested £24m across five portfolio companies. It co-invests with DunPort-managed funds including Oak Corporate Credit DAC and Willow Corporate Credit DAC. 'The UK is a strategic market for DunPort and one in which we are continuing to experience strong and sustained demand from a wide range of sponsors, advisers and business owners for flexible debt solutions,' said Pat Walsh, executive director of DunPort. 'The investment will help increase our capacity and will help enhance our position as an alternative debt capital provider in the UK alongside our other core markets of Ireland and the Benelux region.' Founded in 2017, DunPort says it has advanced over €1bn to 70 companies since its formation and holds over €800m in assets. The company has an investment team of 20 professionals spread around Dublin, London and Amsterdam. Currently, it works to offer flexible debt and hybrid capital funding for SMEs and mid-sized corporates across Ireland. DunPort investors include the Ireland Strategic Investment Fund (ISIF), the European Investment Fund and a number of other institutional investors. Earlier this year, DunPort said it completed the first close of a €200m fund for Irish SMEs with the help of ISIF. It said it aimed to support companies with earnings of up to €10m. Mr Walsh confirmed it will continue to work with businesses in Ireland and the UK, while it works to expand its services with companies in the Benelux region. The British Business Bank has financed around 64,000 small businesses with £17.4bn since it was set up in 2014. Managing director Adam Kelly said its intention was to drive sustainable growth for SMEs.
Yahoo
05-05-2025
- Business
- Yahoo
CTM CPAs & Business Advisors merges practice with Withum
CTM CPAs & Business Advisors (CTM), a US-based public accounting, tax and business consulting firm, has expanded its practice through a merger with WithumSmith+Brown (Withum). Headquartered in Lincolnshire, Illinois, CTM offers a its clients a comprehensive suite of accounting, tax and consulting services. With the development, its team, including four partners and approximately 50 team members, will join Withum. However, the team will continue to operate from their current location at 1 Overlook Point, Suite 190. CTM's expertise spans across financial statement preparation, tax planning and preparation, business valuations, succession planning, and bill pay solutions, among others. The firm also offers new tax strategies and approaches to aid the clients in achieving their financial objectives. CTM managing partner Steven Edelheit said: 'We are very eager to become part of the Withum team. Our client promise has always been to build lasting relationships through exceptional client service to help them reach their goals. 'Joining forces with Withum will offer our valued clients and dedicated staff more opportunities to thrive and achieve success under the Withum brand.' The union with CTM is set to expand Withum's franchise practice and bolster its industry strengths. The sectors that will benefit from this merger include restaurants, professional services, real estate, construction, manufacturing and distribution, and not-for-profit organisations. Withum managing partner and CEO Pat Walsh said: 'Uniting our firms grows our portfolio of franchise clients as CTM's team brings additional depth of service and expertise in this area. 'Their approach to client service, proven by a similar tenure in the profession, blends seamlessly with ours. Together, we share a people-first mentality with a vision of providing best-in-class solutions through a dynamic approach to problem-solving for our clients' growth and success." Headquartered in Princeton, New Jersey, Withum was established in 1974. It boasts 26 offices and generates an annual revenue of $578m. The firm offers advisory, tax, and audit services on a local-to-global scale and is an independent member of HLB International, a worldwide network of independent advisory and accounting firms. In November 2024, Withum launched a new AI-focused website, to offer businesses services around AI strategy, implementation, engineering, and AI adoption and governance. "CTM CPAs & Business Advisors merges practice with Withum" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
