Benchmark International Successfully Facilitated the Transaction Between Toomey Audio Visual Limited and Stacked Limited

Benchmark International is pleased to announce the acquisition of Toomey AV by Stacked.

Based in Dublin, Toomey AV has over 55 years in providing ICT for schools in Ireland and supplies a range of Clevertouch Interactive flatscreens.

Founded in 2002 and headquartered in Dublin, Stacked Group is a leading provider of audio visual solutions, managed print services, IT hardware and workplace supplies. The company now has over 85 local staff members, servicing customers across public, education and corporate sectors.

The acquisition further enhances Stacked’s audio visual portfolio of services and strengthens its presence across Ireland.

Our business is selling your business.

Ivan Smyth, managing director of Toomey AV, stated: “Joining Stacked allows us to continue providing excellent AV services while leveraging Stacked’s scale and solutions for our clients. We can think of no other company we could trust to continue the Toomey AV legacy which has been working in this sector for over 55 years.”

Paul Sweetman, CEO of Stacked Group, commented: “We’re excited to welcome Toomey AV into the Stacked Group. Operating for over 55 years they have a wealth of knowledge and experience that few companies in their arena possess today. It helps us widen our service offering within the AV sector and will help support our continued investment in this space.”

Alex Cregan, associate director at Benchmark International, said: “The AV sector in Ireland is characterised by a diverse landscape of smaller, localised businesses with strong local customer relationships. We've observed a growing trend of strategic acquisitions within this space, as trade buyers seek to enhance their service offerings and capitalise on the steady revenue streams that AV hire businesses can provide, making this acquisition ideal for both Toomey AV and Stacked.

“Congratulations to Ivan and Corinna for the closing of the transaction with Stacked. You have built a fantastic business and it was a pleasure to work on your behalf. Best of luck for the future!”

Sell side advisers on the deal were Benchmark International (deal advisory); Claire O’Sullivan Greene, De Burca Greene Solicitors LLP (legal); and Damien Malone, Malone Accountants (finance and tax).

Buy side advisers were Jack Swinburn, Azets (corporate finance and tax); and Denis I Finn Solicitors (legal).

SCHEDULE A CALL

Share This Post