Profast Group is set to become the island's biggest distributor of fasteners, fixings and mechanical support systems after agreeing a funding package which included a £500,000 loan from the Investment Fund for Northern Ireland.
The transaction has enabled three of the company's senior employees, Stephen Clarke, Jonathan Aiken and Craig Milne to acquire the group from existing shareholders.
Based in both Belfast and Dublin, Profast's fasteners and fixings have been used on iconic Belfast projects including the RISE sculpture on the Broadway roundabout and Translink's new Grand Central Station.
Stephen Clarke said: "The journey with Whiterock has been exceptional. From day one, they demonstrated clear understanding of our goals and transparency throughout the process."
Investment Director Rhona Barbour commented: "The new management team's experience and technical knowledge have been crucial to past success and will drive future performance."