Having started out as a provider of specialist software to leading global investment banks, the firm has evolved into a provider of products and consulting services, particularly building on its strength in ultra-high performance data analytics. IGY Marinas unveils the IGY Trident membership programme. Attorney Luis Flores of Saul Ewing Arnstein & Lehr LLP represented the buyer in the deal. Scott Disick was on dad duty on Sunday, as he stepped out with his daughter Penelope and niece North West in New York, ahead of Monday's Met Gala. In responding affidavits Kevin Lagan rejected those claims and said Michael's attempt to have the group wound up had caused it "substantial damage". Roughly $20 million of the new financing will go toward the capital improvements to be completed over a year, and the rest was acquisition financing, OGrady said. Patrick Connolly is a businessman and Frances Connolly is a teacher, who has been off work for a period of time due to a leg injury. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. View Kevin Callahan's profile on LinkedIn, the world's largest professional community. After numerous charters, deliveries and professional ocean sail racing he settled on the shores of Buzzards Bay, Massachusetts, and for 10 years fished Georges Bank and the rugged North Atlantic, learning the business from the deck upwards until eventually owning and operating his own trawlers. Breedon chief exec Pat Ward says Lagan is not a business where he's seeking to strip out costs but rather sees it as a platform for growth. Lagan Homes, one of the largest house-builders in Northern Ireland, with a long-standing reputation for delivering quality homes, has plans to develop its markets in Ireland and Britain, where it has established a strong regional presence. Skipper Kevin Lagan and his friends were on a trip to. Top of the pile is construction heavyweight Kevin Lagan with an estimated fortune of 442m in the chart compiled by the Sunday Independent newspaper. Video, The secret mine that hid the Nazis' stolen treasure, MasterChef Australia host Jock Zonfrillo dies, Trevelyan relative 'would consider' famine payment, Four dead after suspected pigeon racer dispute, Adidas sued by investors over Kanye West deal, Suspected IS chief killed in Syria, Turkey says, UK chip giant Arm files for blockbuster share sale. Bio-security expert Conor McKinney is also from outside Derry. Son of construction empire founder takes pride of place at top of rich list with 442m fortune, Euromillions winnersFrances Connolly, 52, and Patrick Connolly, 54, from Moira scooped a 115 million EuroMillions jackpot in the New Year's Day lottery draw. Mr Ward says Jude Lagan, Terry Lagan & Mark Kelly will be staying with the business. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. Previously they adapted The Bible for TV, while Burnett was the brains behind the formats for hits such as The Apprentice, Dragons Den and The Voice. Company filings in the UK reveal he was in a number of investment consortia that put money into property regeneration in Liverpool's docklands, as well as property in Sheffield and a scheme to refurbish a data centre in Birmingham. At the age of 21, this North East English native took the chance and jumped at the chance to sail (oh so green) aboard a sailing schooner bound from Spain to the West Indies and onwards to the US. So much so that it became the biggest online retailer of all things cycling-related. Bitter feud threatened the Lagan Group - BBC News The bullet was in a cigar box on which was pasted the words, Quinn . Planned improvements include a new 200K sf dry storage, Aerial of marina at 2323 and 2295 West State Road 84 (Google Maps). Fleet Manager - DPA/CSO. The acquisition of Kevin Lagan's Lagan Group comes weeks after it was announced that four firms within Michael Lagan's Lagan Construction Group had gone into administration, putting 200 jobs at risk. The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Belfast-headquartered firm says net assets now close to 50m, including 28m cash pile, Hennerty is credited with helping Kerrygold exceed 1bn in annual sales, The winner of The Irish Times Business Person of the Year Award, in association with KPMG, will be announced in early September, Irish Times Business Awards, in association with KPMG, will be held in September as a virtual event, Awards ceremony originally due to be held on May 13th to take place at Mansion House, Business Person of the Year and other category winners to be announced at May event, Timeline of events: Attacks on former Quinn Group businesses and managers began in 2011, His newest venture FastHouse agrees deal for 200 homes in Dublin, Business will provide synergies with Lagans FastHouse rapid build operation, Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital, Offsite construction company FastHouse will build 202 homes under Dublin contracts, Lagan Airport Maintenance in joint venture due to begin work in May, Business Week: also in the news were mortgage lending rules, tracker fines and Facebooks pay, Rapid-build specialist backed by businessman Kevin Lagans 20m investment, Business Today: the best news, analysis and comment from The Irish Times business desk, Lagan Investments being funded from 527m sale of construction supply firm, Belfast born Lagan built up family business but will hold on to housebuilding arm, Profits from joint ventures increase 15-fold for Belfast-based Lagan brothers, Debt at the centre of the winding up petition relates to a judgment against firm over pyrite used in a building in Ballymun in Dublin, Commercial court refuses application to fast-track wind-up petition on Irish Asphalt, Move part of dispute between JEC and Irish Asphalt over material with excessive pyrite, Peter Murtagh on the threads that link rival US funds, Northern politicians, legal firms and middlemen to the property sell-off that cost the State hundreds of millions, Money discovered by Belfast law firm was apparently fees from US firm Cerberus, Irish Asphalt, Lagan Holdings and three Lagan directors want claims struck out, Vehicles set alight and threats sent to executives linked with Aventas Group, Company says no business can operate when threats put workers and directors at risk, Construction firm alleges deceit by Irish Asphalt over quality of infill material, Crosswords & puzzles to keep you challenged and entertained, Explore how the historic deal helped bring about peace in Northern Ireland, Inquests into the nightclub fire that led to the deaths of 48 people, A project examining attitudes about the future of Ireland, Weddings, Births, Deaths and other family notices, Lagan Homes double profits to almost 7.5m as sales rise 23%, Ornuas Risn Hennerty named Irish Times Business Person of the Year, The first seven winners of Business Person of the Month, Nominees announced for third Irish Times Business Awards, Irish Times business awards to be hosted in early September, The Irish Times launches third annual business awards, Campaign of terror: 70 acts of vandalism and violence on Quinn Group firms, The Irish Times Business Person of the Month: Kevin Lagan, Kevin Lagan acquires majority stake in UK timber frame manufacturer, Lagan Investments takes 10% stake in Property Bridges, Derry group to deliver three rapid-build projects for Dublin, Knock airport appoints contractors for 11.2m runway overlay, Brexiteers round on Bank of Englands Project Fear analysis, Fasthouse hopes to build 1,500 homes in areas with housing shortages. He's banked dividends of over 13m over the past three years. Moran Yacht & Ship. Its most recent set of accounts, for the year to March 2011, refer to it acquiring the civil engineering, piling, PFI and operating and maintenance business of the Lagan Group as "part of a wider re-organisation". The family has already invested heavily in Lagan Homes, Northern Irelands biggest house builder, which is active in Britain and poised to expand into the Republic. Its culture is complementary to our own, with a sharp focus on customer service, a first-class workforce and a commitment to safety, which is a key priority for us. Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. Pat Ward, Breedons group chief executive, added: Lagan represents a unique opportunity to enter a growing market with immediate scale and excellent opportunities for expansion. 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FastHouse is an innovative modular timber frame and bonded panel systems business based in Limavady, Northern Ireland. Please fill out the form below to contact this member of the team. I managed to catch it and saw it had a phone number, he said. And I couldnt believe it when the pigeons owner told me he was also from Derry! Tue Apr 17 2018 - 17:45 A rich list published earlier this year put the combined wealth of the Belfast-born Lagan brothers, Kevin and Michael, at some 1.3 billion. There was good news for the Co Antrim family business Wrightbus - of which William Wright (93) is the chairman - when it won orders for more than 200 buses from customers in Hong Kong last year. Jul 16, 2021, 10:30 AM. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Miami luxury real estate agent pleads guilty in PPP fraud case, Wells Fargo likely to sell 550 California Street at deep discount, AEW Capital trades Hollywood apartment complex for $48M, Terra-led group is buying Gentings downtown Miami site for $1.2B. Once Kevin and his friends heard Declans story, they agreed to return the pigeon to his owner in Ireland, he said. During his time at the helm of the company, he earned 138m, which he defended, saying that an "accounting issue" made his payout look bigger. About Us | Lagan Investments . The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. Established in 2015, FastHouse designs, manufactures and installs precision engineered timber frame systems and produces GRP laminated panels, incorporating application specific cores, for both the residential and commercial markets in the UK and Ireland. Kevin Lagan enters into an agreement with Breedon Group plc to sell Lagan Group for 455m. Lagan Investment would take a flexible approach to seeking opportunities across a variety of sectors, both locally and internationally. He has a multinational property empire. Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. Kevin Lagan has just sold most of his business for 526 million - in cash - and will retain the homebuilding arm. Fort Lauderdale Motorcoach Resort and Yacht Club plans to upgrade and add amenities to the RV site, and renovate the marina with a new sea wall, according to the release. A site by, 15% Discount On UTOPIA IV Charters Through April 30. All Content Copyright Lagan Investments 2020 |Privacy Statement. Family still dominates the business, with many of the Lagan brood still working in the enterprise. The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, OGrady added. A manufacturer of modular closed panel and timber frame systems for the construction industry, it employs about 100 people and is supplying about 470 luxury holiday lodges to Irelands first-ever CenterParcs resort in Co Longford. Michael (62) and one of his sons continue to run Belfast's Lagan Construction, a civil engineering business that emerged out of a nine-year court battle fought over the Lagan family business empire. Famed superyacht designer Bill Langan dies. Kevin Morgan - Fleet Manager - DPA/CSO - Moran Yacht & Ship - LinkedIn Cement Manufacturing Facility, Kinnegad, Ireland. We saw the bird had a nasty wound on his wing and we did our best to make him comfortable. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. 16 Frances and Patrick Connolly 115m (Lottery win). The secret mine that hid the Nazis' stolen treasure. Top $76,000-a-year New Jersey boarding school admits 'more should have been done' to stop bullying of boy, 17, who took his own life after being falsely accused of rape by cruel peers This field is for validation purposes and should be left unchanged. Another Lagan director gave evidence that had the petition become public it would have had "catastrophic" consequences for the business. In a joint statement issued on Thursday, the brothers said said they now have separate businesses but are working together on areas of mutual interest. The deal sees Breedon acquire Whitemountain, Lagan Cement, Lagan Brick, Lagan Asphalt and Welsh Slate, although Lagan Homes does not form part of the sale. With fish increasingly scarce, Kevin studied at sea for a commercial masters license and secured a captains position with a major oil field supply company. As part of the rebranding, the buyers renamed the property Yacht Haven Park & Marina from its previous moniker Fort Lauderdale Yacht Haven Park and Marina. But a feud between the brothers threatened the future of the Lagan Group and subsequently led to the business being split up in 2008, with both working together on areas of mutual interest. At the age of 21, this North East English native took the chance and jumped at the chance to sail (oh so green) aboard a sailing schooner bound from Spain to the West Indies and onwards to the US. Kevin Callahan yacht broker at Moran Yacht and Ship Pompano . Co Down man Tom Eakin (85) was running his pharmacy in Dundonald on the outskirts of east Belfast when he set up TG Eakin company in 1974 to produce medical ostomy products, particularly skin protection and wound drainage products. The judge said there was then a "trading of punch and counter-punch" when more allegations were made. It is now the largest producer of snack foods in the UK following its acquisition of Tavern Snacks in 2017. Engineer Philip O'Doherty (58), a Derry native based in Dubai, owns a majority stake in one of the north-west's biggest manufacturers, E+I. Kelly previously spent three years as chief executive of the company, which bought Quinn Insurance for 1 back in 2011. app. Sellers Yacht Haven Park & Marina and Azurite, managed by Barry Yampol of Fort Lauderdale, had purchased the property in two deals, paying $4.6 million for the bigger portion in 1986 and $225,000 for the remainder in 1992, property records show. The plant went ahead, and opened in 2002. Matters appeared to reach a head in 2007 when a company in which Kevin was the majority shareholder paid 31m to acquire Welsh Slate. CONSTRUCTION veteran Kevin Lagan has entered into an agreement to sell most of his Lagan Group assets to AIM-listed British construction materials companyBreedon Groupfor 455 million on a cash and debt free basis. Ft. Lauderdale, FL, USA 33316. We assume that he benefited from a minority stake in the group. Former Galen finance chief Geoffrey Elliott (66) controls medical packaging group, Pharmapac. Taking a break from seafaring, Kevin worked as a journalist for marine publications, writing technical articles, policy and features. Kevin and Michael Lagan grew the Lagan Group into. Kevin Lagan and his family intend to pursue a managed growth strategy with the Lagan Homes and FastHouse businesses, which are being retained. Lagan is well-run, well-invested, with an experienced management team and a strong track record. And were glad to hear hes doing well back in Derry, he added. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world. His extensive cruising knowledge of the Bahamas and Caribbean provides his clients with an unrivaled professional service. VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line, Why an Indian comedian is challenging fake news rules. Whether you are considering building, buying, or chartering a quality yacht, talk to a professional talk to Kevin Callahan. John (70) and his son Darren (47) both still sit on the board of Antrim-based Retlan Group. There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". We gave him water and yogurt to help build him up. He is actively involved with constructing one of the largest yachts ever to be built for a USA-based client, the 305 (93 m) GLOBAL project currently under construction in Germany. The case was settled in 2010 and the order removed in 2011 which cleared the way for the details to be published. In July 2019, Lagan Investments acquired a majority stake in Frame-Tech Structures, one of the fastest growing providers of timber frame solutions in the UK. 157, 98000 MC, 6 Christies Landing Declan had been in full flight back to the Maiden City from Skibbereen in Cork when he was targeted by the bird of prey. Learn more about our team of experienced yacht sales brokers, yacht charter brokers, yacht construction managers, and yacht management specialists. Kevin McLean. In March, Delaware-registered Cove Marina Holding bought the 72-slip River Cove Marina on the Miami River for $11 million. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. Confirming the sale, he said:"Id like to thank the staff for the role they have played in the growth of Lagan Group, and I wish them every success as they enter an exciting new chapter with Breedon, who I am confident will build on that success, supporting the development of the business in the years ahead.. Then in 2006 they reached what the judge described as "at most an agreement in principle" on a "partition" which would have seen each of them take exclusive ownership of different parts of the business. Chamber music enthusiast and former pharmaceutical graduate and lecturer at Queen's University Belfast, John King (69), who lives in Co Kildare, is the former CEO of women's healthcare firm Galen, which was one of Northern Ireland's largest firms in the sector. After a protracted battle with the billionaire Barclay brothers, he sold a 36% stake in three of London's most expensive hotels to the Qatari royal family, but continues to receive a 5m-a-year fee for helping to manage them. The couple are keen collectors of art and artefacts, and spend most of their time in Monaco. He was there to greet Prince Harry and Meghan Markle when they visited the Epic Ireland museum he has created there. Londonderry-born actress-turned-LA producer Roma Downey and east Belfast-born music legend Van Morrison are among the handful of famous names from the entertainment world on the list dominated by home-grown entrepreneurs who have created internationally successful companies. The BBC is not responsible for the content of external sites. West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family's exhaust repair business. Just over five months after selling his building materials business to the listed Breedon Group and bagging 455m (503m), Lagan unveiled to a gathering of the citys great and good a new investment vehicle, led by his sons Peter and John. This is the latest of a slew of marina deals in South Florida. Kevin Lagan(68),as chairman, has been a driving force behind the business for over 40 years, growing its turnover to 272 million, with combined earnings of approximately 55 million in 2017. The Conlig man bought an island in the Bahamas and the nearby Exuma Yacht Club in 2011 and is reported to have invested $10m turning it into a luxury resort. Mary Haughey and her daughter and sons own health and veterinary products firm Norbrook Laboratories, which was founded in 1969 by her Louth-born late husband Edward, who held the title of Lord Ballyedmond and lived in Rostrevor, and who died in a helicopter crash in 2014. It was reported that her husband left an estate worth 472m in total. "We continue to work closely on areas of mutual interest while leading our individual businesses through this challenging economic climate. Sale of the Lagan Group, announced today, may mark a significant departure for Kevin and his family, but not a complete exit; Kevin and his family are to keep Lagan Homes, one of the largest housebuilders in Northern Ireland, with turnover of some 76 million in 2017. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. Kevin Callahan - yacht broker - Moran Yacht and Ship | LinkedIn The 71-year-old's firm Celador sold some of the rights for it in 2006, with Smith securing around 42m. Kevin Lagan is on a winning streak The wheel of fortune has favoured one of the Lagan brothers, after the acrimonious family business split Kevin has gone from strength to strength, leaving. Bill Langan - Wikipedia Ft. Lauderdale, FL, USA 33316. The manufacturing business was purchased by Chinese firm CIMC Vehicles in June 2016 for a price believed to be around 100m. Registered in England No. Company/Ship Security Officer, Massachusetts Maritime Academy, June 2004. To honor Bill's memory, Kevin Merrigan, President of Northrop & Johnson, is training to run Disney's Marathon and a Half, otherwise known as the "Goofy Race". Conor said he couldnt believe his luck when Kevin Lagan and his friends then arrived on the island after sailing all the way from Ballycastle. He said the attempt to have the business wound-up was taken as a last resort after Kevin failed to make "a fair and reasonable offer" to buy his 42.5% share of the business. Fort Lauderdale Motorcoach Resort and Yacht Club, with operating sponsors Gary Cioffi and Christopher Hein of Long Island, New York, bought the marina and recreational vehicle park at 2323 and 2295 West State Road 84, according to a news release from the loan brokers. Private equity group 3i took a 40% stake in the business in 2007. On the day of his wifes death, Kevin Lagan received a letter warning that, if the sale went ahead, the buyers would not live to see the benefits of the sale. Details of the falling out were revealed in a High Court judgement which concerned Michael's attempt to have the business wound up. A big-hearted boat owner from Belfast helped rescue an Irish racing pigeon lost on a remote Scottish island, the Sunday World has learned. Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital. It will also retain LF FastHouse, which is majority owned by Kevin. 4 May 2022 | 11:30. O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. Lagan is a leading supplier of construction materials and contract surfacing in Ireland and the UK with a modern cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. But the order came after a difficult year for the firm which saw a big drop in profits and two rounds of redundancies. From a strategic perspective, it provides us with a stronger platform from which to pursue further organic growth and bolt-on acquisitions.. He has since invested large amounts in property and other developments as far afield as Miami. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. But the sale, announced today, of Kevin's Lagan Group for 526 million in cash is likely to propel him further up the wealth table. 2023 Moran Yacht & Ship, Inc. All rights reserved. 6 Tom Eakin and family 305m (Medical Devices). By 2002, however, the siblings Kevin and Michaelwent their separate ways. 10 Philip O'Doherty 173m (Manufacturing). Read about our approach to external linking. Bill McCabe's Oyster Group is an investor in a host of tech and quirky companies - from Datahug, Fleetmatics and FieldAware to psychic phoneline firm Psytech Digital. I noticed it had a ring on its leg. Read about our approach to external linking. RV and motorcoach demand has increased over the past five years and experienced even more growth during the pandemic, he said. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 . Le Panorama, 57 rue Grimaldi, That could have lead to the group being broken up and its trading companies sold. Fitzgerald heads up Antrim-headquartered healthcare diagnostics group Randox. It significantly strengthens our cement offer, adds to our mineral and downstream resources, brings us a bitumen import/export business and adds real weight to our contract surfacing operations. The worn-out bird eventually landed on Hirta the largest island in the St Kilda archipelago 100 miles from the Scottish mainland. The brothers grew the Lagan Group into a business with 1,000 staff. He and his wife's high-end property development firm, Chardan Development Group, which primarily focused on developments along the Australian Sunshine Coast near Brisbane, has also prospered. After numerous charters, deliveries . Kevin's affidavits said the petition had had the effect of "fundamentally altering" the firm's relationships with its bankers and business partners. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. The singer - knighted by the Queen - also owns residential properties in Belfast and Bath. The Crossword Solver found 30 answers to "go;;gee of lagan", 3 letters crossword clue. Kevin Merrigan honors Bill Langan | SuperYacht Times Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. He added: We are all absolutely delighted.. McCabe (62), who was born in Belfast, made his fortune when CBT, the e-learning company that he founded, floated on the Nasdaq in the 1990s.
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