Bank Leumi Invests $300 Million in Shamir Engineering
Translated & summarized from Ice by baba
Bank Leumi's investment arm, Leumi Partners, is investing NIS 1.14 billion in Shamir Engineering, valuing the company at NIS 1.14 billion. This deal provides NIS 114 million to founders Moshe Shershov and Yosef Roda, who will sell 10% of their shares. The investment follows significant growth in the company's revenue and profits, and it sets the stage for a potential IPO within two years.
The story in 5 lines · by baba
- Leumi Partners is investing NIS 1.14 billion in Shamir Engineering, valuing the firm at NIS 1.14 billion.
- The deal provides NIS 114 million to founders Moshe Shershov and Yosef Roda, who are selling 10% of their shares.
- Shamir Engineering's revenue is projected to reach NIS 700 million in 2026, with EBITDA exceeding NIS 100 million.
- The company specializes in industrial and infrastructure projects and has a backlog of NIS 800 million.
- The investment is a step towards a potential IPO on the Tel Aviv Stock Exchange within two years.
Bank Leumi's investment arm, Leumi Partners, has made a significant investment of NIS 1.14 billion ($300 million) in the industrial construction and infrastructure company Shamir Engineering. This deal values the veteran Israeli firm at NIS 1.14 billion and provides NIS 114 million in cash to its founders.
Co-owners Moshe Shershov and Yosef Roda, who established the company in 1993, are selling 10% of their shares. This transaction marks their first substantial financial return after more than three decades. Following the deal, each will retain a 45% stake in the company.
The investment comes amid a sharp rise in Shamir Engineering's performance. The company is projected to close 2026 with NIS 700 million in revenue, up from approximately NIS 600 million last year and NIS 400 million in 2022, reflecting an average annual growth rate of 16.6%. Adjusted EBITDA is expected to exceed NIS 100 million this year, with a signed order backlog of around NIS 800 million ensuring continued growth.
Shamir Engineering, based in Kibbutz Yagur, employs about 70 people and has completed over 100 complex projects across Israel. It specializes in constructing logistics centers, factories, industrial buildings, commercial centers, and office buildings for institutional entities, leading Israeli companies, and major international corporations.
This investment paves the way for Shamir Engineering's next phase: a potential initial public offering on the Tel Aviv Stock Exchange within two years. Leumi Partners has secured flexibility, including an option to increase its stake by an additional 5% at the IPO price and a mechanism to sell its shares back to Shershov and Roda if the IPO or an alternative exit deal is not completed within three years.
Mentioned
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Other 2
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
