Simtech, a flight training and flight simulation provider in Ireland, has new investors in the form of private equity firm Renatus Capital Partners and Martello Group, a specialist aviation, leisure and real estate group.
Simtech is a specialist provider of flight simulation and pilot training services and was founded by Se Pardy and Fergal Keogh in 2004. Simtech operates from a state of the art, high-spec, custom-built facility in the Airport Logistics park next to Dublin Airport, training pilots for a number of the major airlines including Aer Lingus.
The two co-founders will be joined on the board by Renatus Partners’ Brendan Traynor and Mark Flood, and seasoned airline executives Douglas Brennan and Eugene O’Reilly of the Martello Group. Aviation training and pilot recruitment executive, Declan Dooney of Excel Aviation, will take over from Fergal Keogh as CEO of Simtech following the investment.
Fergal Keogh said, ‚”This is an exciting opportunity to take the business we founded to a new level. Se was not ready to step back from the business and I needed a retirement and succession plan. We both wanted to ensure the business we had built was preserved and that any incoming partner would bring the necessary industry expertise and capital to scale the business and realise its full potential. I could not have found a better succession plan than this.”