L-R: Aidan Lawless, Intact, Finlay McFayden, Goodbody Capital Partners, Paul Marry, Intact, Alan Mahon, Goodbody Capital Partners, Justin Lawless, Intact.
Intact, a Dundalk-based provider of enterprise resource planning (ERP) solutions, has partnered with Goodbody Capital Partners to secure €17 million of growth capital, paving the way for its strategic push into global markets. Goodbody Capital Partners made the investment on behalf of AIB, which has a longstanding relationship with Intact and a commitment to support its progressive trajectory.
Since its inception by founders Aidan Lawless and Paul Marry in 1992, Intact has been at the forefront of developing innovative, adaptable ERP software. Under the stewardship of CEO Justin Lawless, who took the helm in 2013, the company has seen significant growth. Intact’s flagship offering, Intact iQ, debuted in 2011, and the software’s versatile capabilities serve a wide array of inventory-centric businesses. Intact gained its reputation in the building materials distribution sector in Ireland and the UK.
The investment will enable Intact to accelerate its expansion into the US market and enhance its industry-leading Intact iQ platform. Justin Lawless, CEO of Intact, expressed his enthusiasm about the partnership: “After over three decades of growth, we attribute our success to our dedicated team. Looking ahead, we’re excited to work with Goodbody Capital Partners to fast-track our growth plans in Ireland, the UK and on the international stage, delivering transformative solutions to our customers.”
Finlay McFadyen, Head of Goodbody Capital Partners, said, “Goodbody Capital Partners is delighted to have made this investment in Intact. Intact is a true market leader with a great future ahead of them. We look forward to partnering with Justin and the wider team to support their next phase of growth.”
Intact was advised by Grant Thornton and Flynn O’Driscoll and EY (tax).
Goodbody Capital Partners was advised by Maples and Deloitte.
Further Information: [email protected], tel: +353 85 174 4725
About Intact
Intact is the creator of Intact iQ and Intact Xline, comprehensive business management and automation platforms. Employing 300 people in offices across Ireland, the UK and the US and partnerships in Australia and New Zealand, the company leverages its expertise & cloud to offer superior inventory, CRM, and accounting solutions that elevate client operations.
About Goodbody Capital Partners
Goodbody Capital Partners is a private equity manager that primarily manages AIB’s private equity investment activities by investing directly into established companies (direct Investments) and in seed, venture capital and private equity funds (fund Investments).