mynth
08/2026

EXPONENT PRIVATE EQUITY takes majority stake in KTL

IRELAND Industrial Services / Engineering & Consulting REV 100M - 200M EUR

Context

By acquiring a majority stake in KTL, Exponent Private Equity secures an infrastructure platform generating annual revenues of €100M alongside an estimated adjusted EBITDA of . Finalized in August 2026, the leveraged buyout provides institutional capital to fund the expansion of the telecommunications contractor. The corporate transaction officially transitions KTL from a founder-owned ownership model to a private equity-backed structure. Crucially, the incumbent executive management team, headed by Chief Executive Officer Alan Hanamy, retains day-to-day operational control and will continue steering the enterprise through its next growth cycle. The structural thesis driving Exponent Private Equity to deploy capital centers on capturing exponential surges in data consumption, the rapid integration of artificial intelligence, and the broader electrification of the European economy. Through this financial backing, KTL gains the necessary resources to actively scale its engineering capabilities, execute extensive recruitment drives, and expand its operational capacity to meet an unprecedented volume of grid upgrade contracts. The competitive transaction process required coordination among multiple international financial advisors. On the sell-side, the founders and management of KTL mandated Capnua Corporate Finance to act as the exclusive financial advisor for the divestiture. Conversely, Exponent Private Equity retained a dual advisory team consisting of IBI Corporate Finance and DC Advisory to structure the buy-side financial engineering and merger parameters. DC Advisory specifically deployed a cross-border deal team bridging its London and Dublin offices, led by Managing Directors Gary Hancock, Edward Godfrey, and David Lyons, alongside Vice President Philippe Trembovelski and Manager Sean Usher, who collectively orchestrated both the M&A execution and the acquisition debt financing package. Final completion of the equity transfer remains subject strictly to standard regulatory approvals from competent authorities within Ireland.

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Target

KTL is a specialized engineering services provider delivering critical infrastructure solutions to the telecommunications and power sectors across Ireland and the United Kingdom. Founded in 1998, the enterprise has grown into a comprehensive network architect. Headquartered in Naas, County Kildare, the corporate structure coordinates localized operational hubs in Widnes, England, and Glasgow, Scotland. The company executes technical mandates for mobile network operators, encompassing site acquisition, spatial design, physical network build, hardware integration, and ongoing maintenance. Parallel to telecommunications, the firm provides overhead line engineering, grid upgrades, and high-voltage network construction for electricity network operators. Commercial operations directly support major infrastructure owners, maintaining active vendor relationships with BT/EE, Vodafone, Cornerstone, Cellnex, Three IRE, ESB Networks, NIE, and UKPN. To execute these operational deployments, KTL coordinates a technical workforce comprising more than 600 dedicated employees across its territories.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

FREE VIEW
Year
Rev
EBITDA
EBIT
2025
100M
2024

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REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KTL by EXPONENT PRIVATE EQUITY are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: ktl

Acquirer: exponent private equity