Personal fairness investor Blantyre Capital has agreed the sale of McAvoy Crew to Duke Side road for an undisclosed sum.
Based in 1972, McAvoy designs and producers modular structures at its manufacturing unit in Lisburn, Northern Eire. It has the capability to design and manufacture as much as 1,200 modules a 12 months, making McAvoy one of the crucial greatest modular construction suppliers in the United Kingdom.
McAvoy has greater than 160 workers and places of work in Dublin, Birmingham, Bristol, and London.
It was once got by way of Blantyre in 2020 from the McAvoy circle of relatives. Since then it has grown in keeping with marketplace call for. Explicit expansion has come from its condo department.
Duke Side road mentioned that its funding in McAvoy would build up the dimensions and high quality of the condo fleet, “enabling McAvoy to proceed providing its consumers top rate, fine quality structures delivered at tempo and with out the desire for capital outlay”.
McAvoy leader government Ron Clarke mentioned: “Securing the backing and reinforce of Duke Side road, certainly one of Europe’s maximum well-respected traders, underscores the energy of our proposition. They sign up for at a essential time within the modular construction business, when the desire for fine quality answers hasn’t ever been upper. Our corporate is uniquely situated for additional expansion with a type that mixes operational excellence, refined design and deep sector experience. We thank Blantyre for his or her dedication and reinforce over the last 5 years. In combination, we now have completed important expansion, setting up McAvoy as a depended on supplier of fine quality, adaptable modular structures throughout the United Kingdom and Eire.”
Duke Side road spouse Joe Thompson mentioned: “McAvoy is a sustainable, well-capitalised and market-leading trade that has a powerful popularity for construction top rate modular answers. In the previous couple of years, the phenomenal control crew, led by way of CEO Ron Clarke, has effectively taken to marketplace a brand new and differentiated modular product, SmartSpace, that exceeds construction law necessities. Duke Side road’s acquisition of McAvoy enhances our long-held funding focal point in very important social infrastructure services and products that give you the spine to the economic system.”
Blantyre funding director Johann Scheid mentioned: “Over the last 5 years, McAvoy has gone through a transformational length, effectively launching SmartSpace and increasing its modular condo fleet whilst turning in a vast vary of latest everlasting modular structures throughout training, healthcare, and different key sectors. We’re assured that McAvoy has discovered a very good new house in Duke Side road for its subsequent bankruptcy of expansion. We would like the corporate, its control, personnel, and new shareholders each and every good fortune one day.”
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