Hackman Capital Partners and its affiliate The MBS Group and Square Mile Capital Management acquired Troy Studios in Plassey, Limerick. This investment sees the partnership also acquire Ardmore Studios in Wicklow.
Limerick Twenty Thirty, a property development company established as a special purpose vehicle of Limerick City and County Council, has welcomed the commitment of the new owners.
Mayor of the City and County of Limerick Cllr Daniel Butler said: "With this acquisition, Limerick now has the world's largest independent studio partnership based here. I welcome the commitment from the partnership to continue growing production here and investing in local talent through further investment from international content creators. And I look forward to them working with all stakeholders and ensuring that the proud legacy already developed here is built on in the years ahead."
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David Conway, CEO of Limerick Twenty Thirty commented: "Troy Studios has been a fantastic success story for not just film in Limerick but for the economy of Limerick and the wider region. This acquisition validates again the decision and foresight shown in re-imagining the old Dell factory in Plassey into a campus for film and TV production.
"The site was first property in the Limerick Twenty Thirty portfolio and was a bold move at the time but one that has delivered a huge dividend for Limerick and the wider region. It has established Limerick as a significant international film hub and created a fantastic film ecosystem here. It has also been very positive for Limerick's international profile, playing a very important role in strengthening the reputation of the city and region as a dynamic and exciting location in which to live, work and play."
Both Ardmore and Troy Studios will continue to operate with their current branding, with CEO Elaine Geraghty and the staff at the facility remaining unchanged.
Paul C. Ryan, Regional Film Manager, Film in Limerick added: "Our vision for Limerick and the Mid-west is to continue to develop as a major centre for production. Key to this is our close working relationships with Troy and other stakeholders in the region. We will continue to work to develop further film-making infrastructure, a strong local crew base, and incentives to support more inward and local productions. With the world's largest studio group now setting up home in Limerick, we can be confident about the future of filmmaking in the region."
Troy Studios has so far hosted two large productions, sci-fi series 'Nightflyers' for Netflix and the upcoming 'Foundation' TV series for AppleTV+.
