Foundations for a long-term relationship

Foundations for a long-term relationship

Bank of Ireland’s Industrials team has participated in the accordion facility provided to Keller to support the Group’s acquisition of Moretrench Inc. The new facility is in addition to Keller’s existing RCF, which Bank of Ireland joined in September 2017.

Keller is the world’s largest independent geotechnical specialist, providing complex solutions used in construction foundations across the entire construction spectrum and around the world. Moretrench operates predominantly along the east coast of the US and has a strong heritage of complex geotechnical projects.

Commenting on the transaction, Andy Morris, Head of Industrials at Bank of Ireland, said, “We are delighted to be able to support Keller with its continued growth, expanding on our existing commitment to the Group. Keller is a leading name in the Industrials sector, and we look forward to building on our relationship with the Company.”

This sentiment was echoed by Keller’s Group Financial Controller, Will Reid, who said, “We are pleased with the strong support from our relationship banks, including Bank of Ireland. The new facility strengthens and extends the Group’s financing arrangements, underpinning our ability to pursue our growth strategy.”

Meet your team