MML Growth Capital Partners Ireland has agreed to make a significant investment into SONAS Bathrooms, supported by PMSI.
SONAS Bathrooms is Ireland’s leading provider of quality bathroom products, selling through a network of trade resellers throughout the country, including most retail bathroom showrooms and builders’ merchants. SONAS achieved revenues of c.€24m in 2016 and the investment will help existing management, led by Dermot Usher and Richard Sloan, continue to drive significant growth.
Dermot Usher, CEO, SONAS Bathrooms commented:
“We are very pleased to have found an investment partner in MML who share the ambition Richard and I have for the business. They understand and recognise the SONAS Bathrooms ethos: quality products underpinned by the highest levels of customer service and we look forward to working with them to grow the business for many years to come.”
Neil McGowan who led the deal for MML said:
“MML is focused on backing ambitious Irish-owned SME businesses and SONAS Bathrooms is a classic example. It is the leader in its market, with strong potential, a driven team of people and we are delighted to be partnering with them.”
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