Irish development and investment group Ardale Property has completed its acquisition of Weslin Construction, which was in examinership. The €500,000 deal will save 15 jobs and position Ardale across a number of sectors.

Alan Hegarty, of Ardale Property Group, said that the investment "was an easy one".

“We would not have made this investment unless we felt we could bring Weslin forward. With our experience across residential, retail and commercial property, we can move together, offering a wealth of experience to clients, backed up with a diverse portfolio of projects in the property sector.”

Weslin, which was founded in 2000 and has experience in residential, retail, commercial new build and fit out, industrial and civil engineering, had been in examinership since March 3rd.

Weslin’s core management team will remain in place after the investment and upcoming work secured will see an increase in employees to 25 over the coming months.

Aidan Boyle, managing director of Weslin Construction, said the deal was "a huge step forward for our company".

“Not only has it secured the jobs we have, but it will help us create more jobs in the future. It will also enable us to tender for bigger projects and the management experience from Ardale will be an excellent addition to our core management team in Weslin.”