Arrowpoint Advisory advises BGF on its investment into digital specialist Granite
Arrowpoint Advisory’s TMT sector team has advised BGF on its $10 million investment into Granite, Ireland’s largest independent digital specialist. The funding will support Cork-headquartered Granite’s expansion strategy, including acquisitions and international scaling, with a particular focus on the US market.
As well as supporting business growth, the investment will enable Granite to continue to enhance its digital capabilities, with a strong focus on artificial intelligence (AI). Founded in Cork in 2008, Granite has built a strong reputation for delivering innovative enterprise level digital solutions to many of Ireland’s most prominent organisations. The company now operates across Cork, Dublin, Galway, Belfast, New York, and Dubai, with over 170 digital practitioners.
The investment is a catalyst for Granite to accelerate strategic acquisitions, significantly strengthen its enterprise service offering and deepen its presence in international markets. Granite has successfully completed eight acquisitions since 2020, accelerating revenue, capability and sector experience.
MJ Murphy, Investor at BGF, said: “We are delighted to have worked with Joe and Daniel at Arrowpoint Advisory on our investment into Granite Digital. We appointed them due to their deep track-record and experience in Tech Services, in particular within digital experience and AI, and their understanding of key value drivers.”
Joe Barnett, Director at Arrowpoint Advisory, commented: “Granite Digital is an exciting digital experience agency on a fascinating journey. It’s been a pleasure to have supported BGF on their investment, as an ideal partner for the business’s ongoing growth. This transaction further demonstrates the strong appeal of high-quality, digital-native and AI-enabled agencies, representing another compelling credential for Arrowpoint Advisory in this space, spanning platforms and underlying technologies.”
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