Civil engineering firm GMC Utilities set for €140m valuation on new equity deal

It is understood Towerbrook will not be taking a majority stake in the Irish company

GMC Utilities Group has a number of long-term contracts, including with Uisce Éireann

GMC Utilities Group, an Irish civil ­engineering firm with a turnover of more than €210m, is finalising an investment deal with private equity group Towerbrook Capital Partners, the Irish Independent has learned.

A deal could value the Irish group in excess of €140m. It is thought that Towerbrook won’t be taking a majority stake in the business, however.

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