Kevin McLean. Northern Ireland rich list: The 30 wealthiest people revealed Jul 16, 2021, 10:30 AM. He's banked dividends of over 13m over the past three years. 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. IGY Marinas unveils the IGY Trident membership programme. Scott Disick steps out with daughter Penelope and niece North in New FastHouse is an innovative modular timber frame and bonded panel systems business based in Limavady, Northern Ireland. His two sons Kevin and Michael took over the running of the business, expanding the group aggressively. Lagan Group was formed in the 1960s on the outskirts of Belfast by Kevins father Peter Lagan when he opened his first quarry at Whitemountain. By 2002, however, the siblings Kevin and Michaelwent their separate ways. Belfast native Paul Smith (70) developed the quiz show format for Who Wants to Be A Millionaire? Subsequently however, Lagan discussed a merger with Quinn Building Products in 2013, but talks ended after just two months, after a rifle bullet was sent to Kevin Lagan. He claimed Kevin's behaviour involved reneging on agreements and trying to exclude him from the management of the group. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. 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. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. He later went on to win $269m in damages from Disney in a US court ruling following a six-year battle over unpaid royalties. Cement Manufacturing Facility, Kinnegad, Ireland. 204 Attorney Luis Flores of Saul Ewing Arnstein & Lehr LLP represented the buyer in the deal. 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. 894646. Co Down native Rea (65) owns about 60% of AES Engineering, the Yorkshire firm he founded that became the world's largest manufacturer of mechanical seals. Within two hours of Kevin and his friends bringing Declan back to Ballycastle, the bird was back recuperating in his own loft in Creggan, said Jim Ramsey, a well-known racing pigeon fancier from Derry and a brother of former SDLP MLA Pat Ramsey. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. Sales and profits were slightly down in the (most recent) 2017 accounts of 70-year-old Harold Montgomery's Newtownabbey haulage firm, Ballyvesey. We assume that he benefited from a minority stake in the group. 19 John and Darren Donnelly 94m (Transport). Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. That could have lead to the group being broken up and its trading companies sold. But the order came after a difficult year for the firm which saw a big drop in profits and two rounds of redundancies. Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. Former Galen finance chief Geoffrey Elliott (66) controls medical packaging group, Pharmapac. He is understood to be the main beneficiary of the sale to English aggregates company Breedon. The easygoing Co Down couples life-changing 115million win sees them enter the annual list in 16th position, just behind golfing superstar Rory McIlroy (158m) and Ballymena-born Hollywood A-lister Liam Neeson (117m). View Kevin Callahan's profile on LinkedIn, the world's largest professional community. Belfast-based Lagan Group sold for 455m to AIM-listed British Returning to yachting in early 1990 he plunged into the charter business as master on megayachts for over a decade and a half, running between: the Mediterranean, the Caribbean, Bahamas and Central America; and the US from Alaska to Maine until coming ashore to work in management and regulation. Read about our approach to external linking. Fitzgerald heads up Antrim-headquartered healthcare diagnostics group Randox. From a strategic perspective, it provides us with a stronger platform from which to pursue further organic growth and bolt-on acquisitions.. 2023 Moran Yacht & Ship, Inc. All rights reserved. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. When Chris Watson (44) took the helm of his parents' Ballyclare-based Chain Reactions cycling equipment business, he looked to the internet for growth and he got it. LAGAN Homes Group, the house-building business owned by Kevin Lagan, has reported that pre-tax profits have almost doubled to 6.2 million, with turnover rising by 23 per cent to 95 million for . 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. 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. 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. 16 Frances and Patrick Connolly 115m (Lottery win). The company performed strongly up until its last set of six months' interim results late last year, with both sales and profits up 20%. 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 keen surfer is based in south-west England. The couple plan to spread the wealth around and have drawn up a list of 50 people with whom they plan to share their good fortune. Holywood, Co Down native Rory McIlroy (29) may have gone another year without a Major win on the golf course in 2018, but that hasn't prevented his financial success. However, Michael complained that in 2005 Kevin had "frustrated" the agreed sale of the group's building materials and clay business. Downpatrick-born Neville Isdell (75) turned around the fortunes of once deserted CHQ on Dublin's north quays, which he bought for what now looks like a 10m bargain. Kevin and Michael Lagan grew the Lagan Group into a business with 1,000 staff and an annual turnover of 400m. 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. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. Whether you are considering building, buying, or chartering a quality yacht, talk to a professional talk to Kevin Callahan. Bio-security expert Conor McKinney is also from outside Derry. He has also retained Lagan Homes, a housebuilding division, while sons Peter and John are investing in property, distribution and tourism ventures through Lagan Investments. Fleet Manager - DPA/CSO. In responding affidavits Kevin Lagan rejected those claims and said Michael's attempt to have the group wound up had caused it "substantial damage". 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. Le Panorama, 57 rue Grimaldi, Thu Jul 11 2019 - 05:45. The designer of some of the world's most successful yachts, Bill Langan, died peacefully on December 31st after a two year battle against leukemia, aged 55. go;;gee of lagan Crossword Clue | Wordplays.com Adam Abdallah refused bail for assault on referee Khodr Yaghi after There is also property in the UK, Poland and Europe, and the business caters for materials recycling and supplies construction machinery, distributes container handling equipment and does truck rental and hire. Kevin Lagan has just sold most of his business for 526 million - in cash - and will retain the homebuilding arm. 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. Three of Michael's companies had profits of 13.5m on 340m of revenues for 2016/2017. This is the latest of a slew of marina deals in South Florida. Registered office: 1 London Bridge Street, SE1 9GF. "We continue to work closely on areas of mutual interest while leading our individual businesses through this challenging economic climate. The bullet was in a cigar box on which was pasted the words, Quinn . 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. The case was settled in 2010 and the order removed in 2011 which cleared the way for the details to be published. Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. 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. Once Kevin and his friends heard Declans story, they agreed to return the pigeon to his owner in Ireland, he said. And as luck would have it the bird was found by Derry man Conor McKinney who in turn pleaded with visiting boat owner Kevin Lagan to bring him back home to Ireland! A big-hearted boat owner from Belfast helped rescue an Irish racing pigeon lost on a remote Scottish island, the Sunday World has learned. Bitter feud threatened the Lagan Group - BBC News 157, 98000 MC, 6 Christies Landing Private equity group 3i took a 40% stake in the business in 2007. Please, The subscription details associated with this account need to be updated. Kelly previously spent three years as chief executive of the company, which bought Quinn Insurance for 1 back in 2011. Since then, the couple have set up the Planet Wheeler foundation in 2008 to tackle poverty in Southeast Asia, East and West Africa, Nepal and Afghanistan. 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. Bill Langan. Top of the pile is construction heavyweight Kevin Lagan with an estimated fortune of 442m in the chart compiled by the Sunday Independent newspaper. The combination of Breedon and Lagans materials interests will create a workforce of 3,000 and turnover of more than 900m. 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. The following year it pulled out of a deal to buy another part of Quinns former empire, a rooftile manufacturing business in Co Fermanagh, from Aventas, following a campaign of intimidation. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. 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. In a joint statement issued on Thursday the brothers said: "This matter relates to a succession planning issue which arose some four years ago. 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Enter a Crossword Clue. Our Story Under the leadership of Kevin Lagan, a diversified construction business was built up over five decades. It is now the largest producer of snack foods in the UK following its acquisition of Tavern Snacks in 2017. So much so that it became the biggest online retailer of all things cycling-related. 16 May 2022 | 09:00. Mr Justice McCloskey described this deal as "the impetus for a major rift between the brothers". SHARE THIS ARTICLE. And were glad to hear hes doing well back in Derry, he added. Kevin OGrady and Justin Neelis of Miami-based Concord Summit Capital arranged the loan from Fortress Credit Corporation. However, it is still one of the largest in the sector in Northern Ireland. Michael later complained the Kevin had "reneged" on this deal with a view to getting him to sell his shareholding for a reduced price. Ft. Lauderdale, FL, USA 33316. Family still dominates the business, with many of the Lagan brood still working in the enterprise. Is climate change killing Australian wine? In the event the court ordered that as the case was essentially a dispute between the two men, and the business was solvent, the petition should not be made public. RV and motorcoach demand has increased over the past five years and experienced even more growth during the pandemic, he said. It also operates a major Hagen-Dazs franchise. 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. Wetherspoons has over 900 pubs in the UK. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. Michael also said Kevin undertook a "tactical manoeuvre" which involved pressuring him to invest 9m of his personal money in the group's house-building operation and breaching fiduciary duties in respect of a 31m deal to buy a Welsh slate company. The Crossword Solver found 30 answers to "go;;gee of lagan", 3 letters crossword clue. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight, Kevin Lagan and the crew of the Lady Kate prepare to bring Declan home. His designs, both as chief designer at Sparkman & Stephens and later as the principal at Langan Design, numbered in the hundreds. Most recently, he starred in Netflix's The Ballad of Buster Scruggs. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. 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. 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. This New England native has been involved with selling and constructing some of the finest yachts in the world during his tenure at Moran Yacht & Ship. This field is for validation purposes and should be left unchanged. Ballymena actor Liam Neeson in The Ballad of Buster Scruggs. With several homes in the exclusive Malibu beachside suburb of Los Angeles, Roma Downey (58, above) is one of the wealthiest women on the Rich List. is this what you want. Kevin (68) joined the Lagan family business in the early 1960s. 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. Businessman and boat owner Kevin Lagan said: We were just happy to be able to offer Declan a lift back to Ireland. Most populous nation: Should India rejoice or panic? 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". The most recent accounts for his Rory Foundation, which gives money to various charities that help sick children, said it donated 1.57m in 2017. The singer - knighted by the Queen - also owns residential properties in Belfast and Bath. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. In July 2001, Kevin was elected as MEMBER of the prestigious NAUTICAL INSTITUTE based in the UK. 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. We gave him water and yogurt to help build him up. By chance they had anchored off a St Kilda, where construction workers told them the sad story of Declan a pigeon from Derry who had been posted missing during a tough race. Yacht Haven Park & Marina in Fort Lauderdale sells for $58M Belfast-born Danny Hill (76) emigrated to Australia at the age of 13 and made his fortune mining nickel in the 1970s. Kevin enjoys fishing, boating, and spending time with his four sons. Please fill out the form below to contact this member of the team. The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Ray Hutchinson (69), who lives in Banbridge, and his family own Manderley Food Group, based in Tandragee, Co Armagh, which operates the Tayto brand here. Registered in England No. The firm merged with Warner Chilcott in 2004. It will also retain LF FastHouse, which is majority owned by Kevin. The worn-out bird eventually landed on Hirta the largest island in the St Kilda archipelago 100 miles from the Scottish mainland. Learn more about our team of experienced yacht sales brokers, yacht charter brokers, yacht construction managers, and yacht management specialists. The top 30 NI super-rich are as follows: 1 Kevin Lagan 442m (Construction) The sale of a huge chunk of the building materials and construction empire, the Lagan Group of Belfast left to. The manufacturing business was purchased by Chinese firm CIMC Vehicles in June 2016 for a price believed to be around 100m. The Comber-based firm bought a Welsh company, Pelican Healthcare, in 2007 and the group, which has a parent firm in the Isle of Man, exports to more than 30 countries.
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