OFFSITE specialist the McAvoy Group has announced it has secured a multi-million pound investment from London-based Blantyre Capital.
The cash will be used to support the firm’s growth in the offsite sector and finance an expansion programme.
The McAvoy family – Orla Corr and Conor McAvoy – remain shareholding directors and fully active in the business. The current board will continue to be led by MD Mark Lowry and will be joined by a director from Blantyre.
Orla Corr OBE said, “We are extremely excited to partner with a highly respected investment fund that is fully aligned with our vision for future growth and our strategic plan. It was important for our staff, our customers and our valued supply chain to join forces with a dynamic and reliable investor who will help accelerate our growth.
“We have our strongest project pipeline for many years and in a diverse range of sectors. Partnering with Blantyre will enable us to leverage industry-leading offsite solutions across the UK and Ireland and to continue to develop our award-winning digital construction strategy.”
Adam Phillips, head of investments at Blantyre Capital added, “The offsite sector offers enormous opportunities for transforming construction and is a sector in which we are keen to invest. We are confident in McAvoy’s growth potential and we are looking forward to a highly successful and productive business partnership.”