#Ireland #Limerick #HMV Engineering #Exponent #Apollo S3

H&MV Engineering Gains €1.4 Billion Investment for U.S. Expansion

H&MV Engineering, a major player in high-voltage engineering and critical power infrastructure services, recently announced a significant transaction that has valued the company at €1.4 billion. This funding round, featuring existing investor Exponent along with new partners Apollo S3, Pantheon, and SQ Capital, is poised to propel H&MV's growth strategy in the United States and beyond.

In light of this new investment, H&MV Engineering's projected revenues for FY26 are expected to exceed €1 billion, fueled by a robust €2 billion order book and an impressive €16 billion pipeline. The company is now preparing for substantial growth with an ambitious target of reaching €3 billion in annual revenue within the next five years while also planning to expand its workforce to 3,000 employees.

The transaction serves as a long-term capital boost, essential for supporting H&MV's aggressive expansion in the U.S. market, which has seen a surge in demand for critical power infrastructure driven by advancements in AI, electrification, and energy transition technologies. H&MV specializes in designing and constructing high-voltage infrastructure that supports data centers, battery energy storage, and essential electricity networks.

As part of its U.S. growth strategy, H&MV Engineering is set to launch its North American headquarters in Dallas later this year. The company has been investing significantly in leadership, engineering talent, project delivery, and corporate development to enhance its operational capacity across North America since its U.S. entry in late 2025.

CEO P.J. Flanagan emphasized that the backing from Exponent and the new investors will enable H&MV to scale effectively in line with market demands. He expressed pride in the organization’s achievements and reassured stakeholders of their commitment to continue investing in talent, engineering capabilities, and the company culture that has been pivotal to their past success.

Tim Easingwood, a partner at Exponent, affirmed that H&MV's ambition aligns perfectly with Exponent's mission to partner with entrepreneurial businesses that have the potential for high growth. He welcomed the new investment partners and reiterated the importance of H&MV's role in global critical infrastructure.

John Moore, Operating Partner at Exponent and Chair of H&MV Engineering, also commented on the firm’s unique positioning within the rapidly evolving infrastructure market. The strategy moving forward includes deepening customer relationships globally while continuing to invest in the required capabilities and workforce.

The transaction is currently pending regulatory approval, which is expected to be finalized in September 2026, paving the way for a new chapter in H&MV Engineering's growth story.

About H&MV Engineering

Founded as a leader in high-voltage electrical engineering, H&MV Engineering specializes in implementing turnkey solutions designed for energy, data center, and industrial infrastructure. With an unwavering commitment to safety and sustainability, the company plays a crucial role in fostering the transition to a greener future. Currently, H&MV is engaged in over 24 GW of projects globally and operates from 20 international offices located in Ireland, the UK, Europe, the U.S., and Asia. The ongoing expansion of H&MV seeks to set new industry benchmarks while nurturing a culture of safety, teamwork, and respect among its over 1,900 employees and growing workforce.

About Exponent

Exponent is a European private equity firm that collaborates with ambitious management teams to expedite the growth of established mid-market companies. Primarily investing in family and founder-led businesses, Exponent merges capital with operational insights to help companies unlock their growth potential and create long-term value.

For more information, visit H&MV Engineering and Exponent.