DC Advisory advises Quinn Downes Group on its strategic partnership with Syclef

Background

• Established in 1999, the Quinn Downes Group is a leading provider of mechanical services, including HVAC installation, commissioning and maintenance services
• The Group comprises of two operating divisions - Quinn Downes Installation and Quinn Downes Service & Maintenance - that employ more than 130 staff
• Quinn Downes Group’s clients include leading Irish and international organizations, government departments and globally recognized institutions
• Syclef is an international network of companies specialized in industrial refrigeration, commercial refrigeration and HVAC
  
  

Process

• DC Advisory acted as the exclusive financial advisor to the shareholders of Quinn Downes Group on its strategic partnership with Syclef
• DC Advisory leveraged its deep knowledge in the Industrials and engineering service sectors to manage commercial negotiations, coordinate due diligence and shape key commercial terms, ensuring the transaction aligned with shareholder objectives while positioning Quinn Downes Group for its next phase of growth

Outcome

• The transaction is expected to close in April 2026 and is subject to customary closing conditions and regulatory approval
• The agreement with Syclef represents a significant milestone for Quinn Downes Group, securing a majority investment that will accelerate its growth while preserving its operational independence and leadership continuity
• This transaction provides Quinn Downes Group with the backing of a leading European HVAC and refrigeration specialist, enabling the expansion of technical capabilities, resources and market presence
• For Syclef, the partnership facilitates its entry into the Irish market and complements its broader European strategy
• Both organizations expect the collaboration to drive long‑term value through shared expertise, an aligned culture and a joint commitment to quality and customer service
• This transaction showcases DC Advisory’s expertise in the Industrials sector and its experience advising on cross-border transactions