Richard Sloan, CEO of SONAS, said:

“The completion of this investment means that MML Growth Capital Partners Ireland and Muzinich & Co, who supported the 2021 MBO through a minority roll-over, will exit as shareholders.  Muzinich & Co remains as a supportive lender to the business.

Since MML’s initial investment back in 2017, and more recently Muzinich in 2021, both Neil McGowan (MML) and Howard Mahon (Muzinich) along with their respective teams have supported Management and the wider SONAS business on what has been a key growth period, and we thank them sincerely for their positive contribution.

We are delighted to welcome Woodberry as shareholders into SONAS.  We look forward to working with Mark Keating and Pat Doran and benefitting from their expertise and track record in helping businesses to scale.  The investment will support our future expansion plans in the UK, while reinforcing our position as the leading supplier of bathroom products in Ireland.”

The company, which employs over 100 full-time staff, continues to deliver strong performance, with sales reaching €60 million in 2024.

SONAS shareholders were advised by Clearwater International, A&L Goodbody LLP, and PwC.

Muzinich & Co was advised by Mason Hayes & Curran while Whitney Moore acted for Woodberry.