H&MV Engineering is a leading provider of specialist high voltage engineering services for renewable, data centre, manufacturing and pharmaceutical projects.
H&MV Engineering was established in 1997 as a specialist high voltage electric services business. The company expanded to focus on data centres, renewables and large infrastructure assets. H&MV Engineering’s founder was seeking an exit and the management team were seeking a partner to support a management buyout from the original founder and also support an international expansion. MML Ireland was introduced to the management team as an alternative to a trade sale. MML Ireland facilitated an exit for the founding shareholder and invested alongside MD, PJ Flanagan, and Operations Director, John Stokes - who both reinvested materially - and created a significant equity pot for the wider management team.
During our partnership with PJ and John, the business grew revenue by c. 425%, headcount from c. 60 to c. 230, and expanded into Norway, Sweden, the Netherlands and South Africa. MML Ireland supported H&MV Engineering’s international expansion and transition from a subcontractor to a prime contractor. The finance and reporting function was enhanced and the board strengthened. In September 2018, MML Ireland successfully sold its stake in the business to the management team, supported by Novus Technical Services, an international oil and gas services group.
H&MV Engineering was established in 1997 as a specialist high voltage electric services business. The company expanded to focus on data centres, renewables and large infrastructure assets. H&MV Engineering’s founder was seeking an exit and the management team were seeking a partner to support a management buyout from the original founder and also support an international expansion. MML Ireland was introduced to the management team as an alternative to a trade sale. MML Ireland facilitated an exit for the founding shareholder and invested alongside MD, PJ Flanagan, and Operations Director, John Stokes - who both reinvested materially - and created a significant equity pot for the wider management team.
During our partnership with PJ and John, the business grew revenue by c. 425%, headcount from c. 60 to c. 230, and expanded into Norway, Sweden, the Netherlands and South Africa. MML Ireland supported H&MV Engineering’s international expansion and transition from a subcontractor to a prime contractor. The finance and reporting function was enhanced and the board strengthened. In September 2018, MML Ireland successfully sold its stake in the business to the management team, supported by Novus Technical Services, an international oil and gas services group.
Location: Ireland
Total raised: $865.23M
Valuation: $1.62B
Investors 1
| Date | Name | Website |
| - | MML Growth... | mmlcapital... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 11.08.2026 | - | $865.23M | Exponent P... |
Mentions in press and media 2
| Date | Title | Description |
| 11.08.2026 | H&MV Engineering Valued at €1.4B: HV Engineer Scarcity Blocks $1T AI Data Center Buildout | By Adrian Parham Published: Aug 11 2026, 11:05 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard |
| 11.08.2026 | Limerick's H&MV valued at €1.4bn after US investment | Limerick's H&MV Engineering has been valued at €1.4bn after securing new investment. The high-voltage engineering and critical power infrastructure services company will receive €750m from existing investor Exponent and new investors Ap... |