Winthrop Technologies Limited, Europe’s leading dedicated turnkey data centre delivery provider, in April 2024 announced a strategic partnership with funds managed by Blackstone Tactical Opportunities.
Total Turnover:
€1,277,248,601
ROI Turnover:
€476,076,112
International Turnover:
€801,172,489
As part of the transaction, Blackstone will acquire a 50.7% stake in Winthrop Technologies, with the remainder of the shares held between the existing shareholders: Founder Barry English, Group CEO Anne Dooley, and Managing Director Bernard Keane. Financial terms were not disclosed.
The partnership is set to accelerate Winthrop Technologies’ growth trajectory, allowing it to capitalise on the ongoing demand for data centres, the critical infrastructure behind the digital economy. The exponential growth in data driven by the AI revolution and increasing cloud adoption are two major trends powering this explosive growth.
Winthrop Technologies will continue to operate under its brand, and, as part of the transaction, the existing leadership will retain a significant minority stake (49.3%), ensuring a continued focus on serving the European data centre market. Blackstone is aligned with Winthrop Technologies’ growth mindset and will support it in delivering its current business strategy. This will result in additional recruitment for high-quality roles to support projects in Ireland and across Europe.
Anne Dooley, Winthrop Technologies Group CEO, said: “The partnership with Blackstone marks a new era of growth for Winthrop Technologies. This is an investment in the company’s leadership and our team at all levels, who have achieved our strong current market position and will continue to drive Winthrop Technologies into its next phase.
“Together with Managing Director Bernard Keane and our senior management team, we look forward to working with the Blackstone team to showcase our best-in-class deliver.”
Ref: Constructionnews.ie
