BGF making multi-million investment in Limerick company

Croom Precision Medical will recruit a further 20 staff over the next two years

Joe Higgins, BGF, Patrick Byrnes, CEO of CPM,  Paddy Byrnes, Director, CPM and Michael Maher, Chairman, CPM. Picture: Liam Burke

The State-backed capital investment firm BGF has closed a multi-million euro investment in Limerick company Croom Precision Medical. 

BGF in Ireland is supported by the Ireland Strategic Investment Fund (ISIF) and the main Irish banks. The announcement is the third investment which BGF has completed in an Irish business since June and the sixth investment completed in less than two years. BGF takes minority positions in the businesses in which it invests aiming to support and facilitate the growth plans of existing owners.