Bellew Electrical secures Waterland backing for ambitious growth strategy

Bellew Electrical (“Bellew’s” or “the company”), a leading electrical wholesaler, has secured significant new investment from Waterland Ireland (“Waterland”), which will allow the company to accelerate its ambitious growth strategy across the island of Ireland.

Founded in 2007, Bellew’s have four outlets located in Drogheda, Dundalk, Castleblayney and Crossmaglen. The company have just opened a Central Distribution Warehouse in Dundalk. Since it was established 18 years ago, Bellew Electrical has grown to become one of the largest independent electrical wholesalers in Ireland.

Commenting on the announcement Ollie Bellew, CEO of Bellew Electrical, said: “We are delighted to be partnering with the Waterland team who are experienced in working with family businesses and share our vision for growth. Having such a strong and experienced partner enables us to accelerate our ambitious plans for growth in Ireland and further afield. Waterland’s support is a great reflection on our people and the quality of our business, and we look forward to working with them over the coming years.”

Laura Dillon, Partner, Waterland Ireland, said: “Bellew is an exceptional business supported by a team of excellent people. They have a great track record and reputation in the industry for unmatched product quality and customer service. We are very excited about the future prospects for the business and look forward to working with the team to build on their successes to date and realise our joint growth ambitions.”

Headed in Ireland by Laura Dillon, Waterland is a pan-European, independent private equity group set up 25 years ago in Holland with over €14 billion in assets under management. The group acts as an active shareholder in its portfolio companies, working in close partnership with management to drive their strategic development, performance and growth trajectory.