Group MC invests in the Irmaco Group


After a successful journey with the Irmaco Group (‘the Company’ or ‘the Group’), Finco sold its majority stake to Group MC and CEO Kris De Coninck.

Established in Kontich (BE), the Group is an international leading provider of products and services for the dust explosion and process fire protection industry. Through its 3 subsidiaries, Stuvex, ISMA and IExT, the Company is specialized in (i) the design, production, sale, implementation and maintenance of protection systems against dust explosions and process fire, (ii) consulting and scientific research in the area of explosion protection and fire hazards and (iii) the distribution of explosion proof electrical equipment. The Company is active in a fast-growing niche market driven by strict and changing legislation, high requirements by insurers and increasing corporate awareness for health and safety.

Under the wings of an experienced management team led by Kris De Coninck, the Company has evolved to a one-stop-shop for dust explosion protection. Out of the headquarters in Belgium and local sales hubs in the Netherlands, France, the UK and Italy, the Company has built a diversified and international portfolio of loyal blue-chip customers. Today, the Company counts c. 40 employees and serves 700+ clients.

Eline De Wilde, Investment Manager at Finco, commented: “We are proud of the journey we have completed with Irmaco’s management team. We are confident that with Group MC, the Company found the ideal partner to continue supporting its growth ambitions.

” Willem Broux, Managing partner at Group MC: “ We were immediately impressed by the company and its management. We are confident the company has a number of competitive advantages to accelerate the growth in and outside Europe. The continuous improvement in product offering and strategic buy and build scenarios combine the perfect platform for the growth ambitions of Irmaco.

” The sellers were advised by Kumulus Partners (M&A), Stibbe (legal) and LDS Advisory (financial and tax). Group MC was advised by Monard Law (legal) and KPMG (financial and tax).


About Finco Private Equity
Finco is an established, independent private equity player in Belgium. For more than two decades, its experienced and agile investment team has supported profitable small and medium-sized companies to achieve the full potential of their growth ambitions. Finco invests in innovative companies with sustainable business models, inspired by entrepreneurial leadership. The reference shareholder is the Plouvier family.


About Group MC
Group MC is a family investment company providing risk and growth capital to small and mediumsized companies with ambitious growth plans. Entrepreneurship and long term commitment combine the solid engagement for our investments.

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