Led by Stephen Clarke, alongside Craig Milne and Jonathan Aiken, the team has taken ownership of Profast Group for an undisclosed sum, with Belfast-based business advisory firm BDO Northern Ireland serving as the lead advisor during the acquisition.
This strategic acquisition, which includes Profast in Ireland, Profast Northern Ireland, and Fortus Hardware, sets a robust foundation for future growth and expansion.
The new leadership team is committed to increasing Profast Group’s footprint across the Island of Ireland and the UK market, leveraging their extensive experience from large-scale public and private sector projects such as Belfast’s new iconic Transport Hub and the Belfast Grand Central Hotel.
Currently employing more than 55 full-time staff members, Profast Group has also contributed significantly to high-profile developments, including Windsor Park in Belfast, Aviva Stadium in Dublin, Titanic Museum, Belfast Film Studios, H&W, new educational institutions, residential projects and in recent years global data centres and renewable energy initiatives.
As part of the successful Management Buyout, Stephen Clarke has been appointed Chief Executive Officer, Craig Milne as Chief Operating Officer, and Jonathan Aiken as Chief Commercial Officer.
The company has been acquired from Brendan Flynn, who has driven its growth since 1995 with the support of his wife Helen and Managing Director Philip Gregg.
Clarke said: “No one understands the business and its potential better than Jonny, Craig, and I, and most importantly our amazing team. I am incredibly excited about the future, and I am very proud of our entire team. The Profast Group has come an incredibly long way since it was established almost 50 years ago."
“These strong foundations will help us improve our operations in Ireland and become a more influential player across the Island of Ireland and into the UK,” Clarke added.
Clarke also expressed gratitude to those who ensured the smooth execution of the deal, including BDO Northern Ireland and Belfast law firm Elliott Duffy Garrett.
Since its inception in 1956 as Pipeflow Products in Ballymena, Northern Ireland, Profast has been a trusted name in the local construction and manufacturing sectors. Over the years, it has evolved into the Profast Group, renowned for supplying a wide range of products including fasteners, fixings, mechanical support systems, window and door hardware, louvre vents and complementary products for OEM, MEP, and other industries.
