Family-owned off-site specialist only has £60m turnover – but plans to double it by 2025
Offsite specialist McAvoy Group has poached a group director from a £23bn-turnover building materials giant to become its new managing director as it plans to double its turnover in seven years.
The Irish contractor, which reported a £60m income in the year to 31 October 2017, its latest accounts filed at Companies House, has also promoted its old MD to become its first ever chief executive.
Mark Lowery joins McAvoy from CRH, Tarmac’s parent company, and the second largest building materials group in the world with over 90,000 staff across 3,700 locations.
Lowery will be responsible for McAvoy’s day-to-day operations, which are spread across Ireland and the UK and include construction of a Homes England regional office, developing new technology in a consortium led by Blacc and work procured through an £8bn schools framework.
Lowery will also be helping to implement the group’s plan to double the size of its business by 2025.
At CRH he was group director for corporate social responsibility and sustainability, and previously MD of its Polish business.
Eugene Lynch, who has led family-owned McAvoy since 2007, steps into the newly created role of chief executive – where he will continue to lead the firm’s push into residential and work developing a new offsite housing factory.
The group has said it aims to manufacture 1,000 new homes a year by 2023 under its smart living brand, as well as expand its market share across healthcare, education, infrastructure, commercial, and modular hire sectors.