Northern Ireland firm employs around 160 people
Northern Ireland modular business McAvoy has a new owner with investor Duke Street buying the company from Blantyre Capital for an undisclosed sum.
Based in London, Duke Street specialises in mid-market European firms and has previously been involved with restaurant chain Wagamama and discount department store The Original Factory Shop.
McAvoy, which was set up in 1972, employs 160 people across offices in Lisburn, Northern Ireland, Dublin, Birmingham, Bristol and London. It also has a 70,000sq ft manufacturing facility in Lisburn.
It mainly works with health, education, pharmaceutical and commercial sector clients.
Duke Street partner Joe Thompson said: “In the last few years, the exceptional management team, led by CEO Ron Clarke, has successfully taken to market a new and differentiated modular product, SmartSpace, that exceeds building regulation requirements.
“Duke Street’s acquisition of McAvoy complements our long-held investment focus in essential social infrastructure services that provide the backbone to the economy.”
In its last set of results for the year to May 2024, McAvoy Modular Offsite improved turnover 28% to £87m but pre-tax profit fell 56% to £5m.
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