Industry & Business

Kevin Lagan Sets Out Investment Plans Following £455 Million Sale

Kevin Lagan Sets Out Investment Plans Following £455 Million Sale

Kevin Lagan Sets Out Investment Plans Following £455 Million Sale
November 12
10:00 2018

Following the landmark sale of his materials business to Breedon plc in April 2018, Kevin Lagan (pictured) has outlined his plans for the targeted and sustainable growth of his retained companies, Lagan Homes, FastHouse and a new investment arm, Lagan Investments. Kevin, who has been the driving force behind one of Ireland’s most successful construction and materials companies for over 40 years, said: “Lagan Investments is our family investment vehicle, led by my sons, Peter and John. Our objective is to take a flexible approach to seeking opportunities across a variety of sectors, both locally and internationally. Lagan Investments has already injected capital into several diverse sectors including real estate, distribution and tourism.

“Lagan Homes enjoys a very strong reputation in the house building business and we are proud of its success in delivering high quality homes in numerous locations across Northern Ireland and GB. We look forward with confidence to the next phase of its growth, including expansion into the Republic of Ireland market. We operate the largest house building business in Northern Ireland, which has a significant high-quality land bank to underpin its medium-term growth plan. We are actively seeking development opportunities across all three regions.

“The third business, FastHouse, is an innovative manufacturer of modular timber frame systems which has seen considerable growth since inception in 2016. We are nearing completion of 466 holiday lodges in Ireland’s first ever Center Parcs in County Longford and our local workforce has risen substantially in response to increasing demand for our products, notably in the residential housing market. Our rapid build system allows us to construct quality homes to weathertight stage in just two days, a game changer for an industry faced with so many challenges, including massive skill shortages.

“There are exciting times ahead and I will remain involved in all of the businesses, supported by an in-house team of multi-disciplinary professionals, with decades of experience in acquisitions and investment. All our businesses are also now coming together under a newly developed brand which reflects our vision for the future.  This fresh and contemporary brand signifies our firm intention to succeed and prosper in the years to come.”

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