Irish development and investment group Ardale Property has completed the acquisition of Weslin Construction from examinership for in excess of €500,000. The company is being brought into the Ardale Property Group, maintaining the 15 jobs within Weslin Construction.
Weslin, which was founded in 2000 and has experience in residential, retail, commercial new build and fit out, industrial and civil engineering, had been in examinership since March 3rd. This investment by Ardale will secure the future of the company and enable it to tender for larger projects. Weslin will also avail of the vast experience within the Ardale Property Group.
Weslin’s core management team will remain in place after this investment and upcoming work secured will see an increase in employees to 25 over the coming months. The new investment enjoys the full support of all Weslin’s current clients including Maxol, Bank of Ireland, the Dublin Airport Authority and Dublin Port.
Aidan Boyle, Managing Director of Weslin Construction, said; “This investment by Ardale Property Group in Weslin Construction is a huge step forward for our company. Not only has it secured the jobs we have, but it will help us create more jobs in the future. It will also enable us to tender for bigger projects and the management experience from Ardale will be an excellent addition to our core management team in Weslin.”
Alan Hegarty, Ardale Property Group, said; “The investment in Weslin Construction was an easy one for us. They are a hugely experienced company led by Aidan (Boyle) and their client list speaks for itself. We would not have made this investment unless we felt we could bring Weslin forward. With our experience across residential, retail and commercial property, we can move together, offering a wealth of experience to clients, backed up with a diverse portfolio of projects in the property sector.”
Mr. Hegarty also joins Weslin Construction as a Director in the company’s new structure.