Cordovan Capital announces investment in Spanwall firm

Belfast-based private equity firm Cordovan Capital Management Limited has acquired architectural wall cladding specialist the Spanwall Group.
By Claire Cartmill
Published 4th Mar 2021, 13:00 BST
Keith Toner, Managing Director of Spanwall, Stephen McClelland, Managing Director of Cordovan Capital Management and Philip West, Sales Director of SpanwallKeith Toner, Managing Director of Spanwall, Stephen McClelland, Managing Director of Cordovan Capital Management and Philip West, Sales Director of Spanwall
Keith Toner, Managing Director of Spanwall, Stephen McClelland, Managing Director of Cordovan Capital Management and Philip West, Sales Director of Spanwall

Employing around 40 people, the Spanwall Group, based in Carryduff Business Park, has an extensive portfolio of projects including the Titanic Museum, the Central Bank of Ireland building in Dublin and Liverpool Street Station in London.

It has also expanded into the Middle East, working on the Riyadh Metro Project in Saudi Arabia.

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Speaking following the acquisition, Stephen McClelland, Director at Cordovan said: “Spanwall has an international reputation for delivering innovative and bespoke projects. We believe it is well positioned to grow significantly in the coming years and look forward to supporting the management team and staff through the next stage of its development. The company has a fantastic engineering pedigree that is testament to its founders Eric Bell, Norman Bell and Tony Reid. We are delighted they will remain as shareholders alongside Keith Toner who will continue in his role as Managing Director.”

Keith Toner, Spanwall added: “Spanwall has been at the cutting edge of innovation in architectural cladding and façade systems for over 50 years and this acquisition by the Fund will support the business as it continues to develop and grow.”

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Related topics:Belfast