IT and engineering targeted by Brightwater after MBO

Barbara McGrath, managing director of Brightwater Group Pic: Fergal Phillips

Brightwater Recruitment intends to expand through acquisitions following a management buyout. The recruitment consultancy, which was founded in 1998, has a turnover of €18 million.

The MBO was led by managing director Barbara McGrath, finance director John O’Donnell and executive search director Estelle Davis. It was supported by British-based finance house Capital Step and financiers John Hannon and John Lacy.

“We will grow the business over time with some discreet investments,” McGrath said. ...