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Waterland/Industrial Insulation Specialists

M/26/060

Completed

Transaction details

The proposed acquisition by Waterland Private Equity Investments B.V, through Lee Bidco Limited, of sole control of Industrial Insulation Specialists Limited, has been cleared by the Competition and Consumer Protection Commission. 
Case details
  • Notification date:7 September 2026
  • Publication date:9 September 2026
  • Economic sector:Construction - F
  • Economic sub-sector:Specialised construction - F.43
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Tuesday, 8 September, 2026 Notification received
  • Tuesday, 22 September, 2026 Third party submission deadline
  • Friday, 16 October, 2026 Determination issued
Parties Involved

Waterland Private Equity Investments B.V.

Waterland Private Equity Investments B.V. is an Alternative Investment Fund Manager regulated by the Netherlands Authority for Financial Markets. Waterland Private Equity Investments B.V.’s portfolio of companies are active across a diverse range of sectors, including sustainability, ageing population, outsourcing and digitization, and leisure and luxury. In the State, Waterland has investments in a range of businesses across sectors including engineering, building products, insulation, electrical supplies, healthcare and distribution.

Lee Bidco Limited

Lee Bidco Limited is a wholly owned subsidiary of Lee Topco Limited, which forms part of a group of companies that are all ultimately under the management of Waterland Private Equity Investments B.V. 

Industrial Insulation Specialists Limited

Industrial Insulation Specialists Limited is active in the provision of industrial services, particularly the manufacture of insulation, protective cladding and jacketing for industrial plant and equipment, as well as the provision of associated maintenance services. In the State, Industrial Insulation Specialists Limited provides industrial insulation services to customers operating in sectors such as data centres, semiconductors, pharmaceuticals and other industrial facilities.
Contacts

Jack Kelly jackkelly@ccpc.ie  Jennifer Brennan jenniferbrennan@ccpc.ie

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