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Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. He said the act of filing a winding-up petition had, at that time, put the company in technical default of bank loans and PFI contracts. Kevin (68) joined the Lagan family business in the early 1960s. Belfast-based Lagan Group sold for 455m to AIM-listed British The Irish Times 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. 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 company has continued to grow under its new management but volatility in sterling has resulted in a slip of their net worth. The acquisition of Kevin Lagan's Lagan Group comes weeks after it was announced that four firms within Michael Lagan's Lagan Construction Group had gone into administration, putting 200 jobs at risk. Conor said he couldnt believe his luck when Kevin Lagan and his friends then arrived on the island after sailing all the way from Ballycastle. Famed superyacht designer Bill Langan dies. From a strategic perspective, it provides us with a stronger platform from which to pursue further organic growth and bolt-on acquisitions.. Registered office: 1 London Bridge Street, SE1 9GF. Kevin's affidavits said the petition had had the effect of "fundamentally altering" the firm's relationships with its bankers and business partners. Kevin Lagan is on a winning streak The wheel of fortune has favoured one of the Lagan brothers, after the acrimonious family business split Kevin has gone from strength to strength, leaving. Kevin and Michael Lagan grew the Lagan Group into a business with 1,000 staff and an annual turnover of 400m. Kevin Lagan and his two sons Peter (centre) and John. 22 Geoffrey Elliott 88m (Pharmaceuticals). 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. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. Patrick Connolly is a businessman and Frances Connolly is a teacher, who has been off work for a period of time due to a leg injury. app. He added: We are all absolutely delighted.. Lagan Investment would take a flexible approach to seeking opportunities across a variety of sectors, both locally and internationally. The Emmy-nominated actress and her husband, former British soldier Mark Burnett (also 58), have made their money from TV formats and productions. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world. 157, 98000 MC, 6 Christies Landing This is the latest of a slew of marina deals in South Florida. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. Bill Langan - Wikipedia In April 2018, the construction materials business including the Cement Manufacturing Facility, Kinnegad was sold to Breedon Group Plc for 455m. Le Panorama, 57 rue Grimaldi, Michael later complained the Kevin had "reneged" on this deal with a view to getting him to sell his shareholding for a reduced price. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital. Once Kevin and his friends heard Declans story, they agreed to return the pigeon to his owner in Ireland, he said. Private equity group 3i took a 40% stake in the business in 2007. Its along the south fork of the New River. Company/Ship Security Officer, Massachusetts Maritime Academy, June 2004. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Miami luxury real estate agent pleads guilty in PPP fraud case, Wells Fargo likely to sell 550 California Street at deep discount, AEW Capital trades Hollywood apartment complex for $48M, Terra-led group is buying Gentings downtown Miami site for $1.2B. Last year, it invested in Fast House, a maker of factory-built modular housing. There was good news for the Co Antrim family business Wrightbus - of which William Wright (93) is the chairman - when it won orders for more than 200 buses from customers in Hong Kong last year. Top $76,000-a-year New Jersey boarding school admits 'more should have been done' to stop bullying of boy, 17, who took his own life after being falsely accused of rape by cruel peers In 2008, Lagan Homes expanded into England, focusing on the Midlands and Southern regions, completing in excess of 150 dwellings per annum. Miami/Fort Lauderdale Area. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. 4 May 2022 | 11:30. Our innovative products are manufactured using modern methods of construction at our state of the art facility in Limavady, Northern Ireland. By 2002, however, the siblings Kevin and Michaelwent their separate ways. This is the first thing I've done to him that I am not proud of." Attorney Luis Flores of Saul Ewing Arnstein & Lehr LLP represented the buyer in the deal. 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. Roughly $20 million of the new financing will go toward the capital improvements to be completed over a year, and the rest was acquisition financing, OGrady said. View Kevin Callahan's profile on LinkedIn, the world's largest professional community. 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. In the event, the winding-up petition did not go to a full hearing because the substantive matters were settled out of court. Kevin Callahan | Sales & Construction | Ft Lauderdale Yacht Brokers 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. And were glad to hear hes doing well back in Derry, he added. Derry group to deliver three rapid-build projects for Dublin. 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. The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, OGrady added. Just over five months after selling his building materials business to the listed Breedon Group and bagging 455m (503m), Lagan unveiled to a gathering of the citys great and good a new investment vehicle, led by his sons Peter and John. 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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 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. SHARE THIS ARTICLE. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. All Content Copyright Lagan Investments 2020 |Privacy Statement. It was reported that her husband left an estate worth 472m in total. What started out as a 1970s hippie journey for Belfast-born Maureen Wheeler (72) ended in one the world's best-loved publishing empires, at least amongst budget travellers. The case was settled in 2010 and the order removed in 2011 which cleared the way for the details to be published. 2023 BBC. A site by, 15% Discount On UTOPIA IV Charters Through April 30, USCG Master of Oceans, 3,000 Gross Tons ITC, ISM Lead Auditor, Maine Maritime Academy, June 2002. 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. Planned improvements include a new 200K sf dry storage, Aerial of marina at 2323 and 2295 West State Road 84 (Google Maps). The BBC is not responsible for the content of external sites. Northern Ireland rich list: The 30 wealthiest people revealed Lonely Planet founders Wheeler and her husband Tony wrote about their experiences travelling from Britain to Asia in a campervan in 1973 and then developed the format by bringing in amateur writers to help cover the globe. McCabe (62), who was born in Belfast, made his fortune when CBT, the e-learning company that he founded, floated on the Nasdaq in the 1990s. Kevin Lagan also had a history of disputes with long-time rival Sean Quinn, notably in 2000, when Mr Quinn gave 30,000 to people campaigning against Lagan Cement's plans to build a 40 million cement factory near Kinnegad, Co Westmeath. Add to that a role in the glittering cast of Hollywood release Widows and his own The Commuter movie makes for a busy year for the Antrim man. Businessman and boat owner Kevin Lagan said: We were just happy to be able to offer Declan a lift back to Ireland. At the time, Quinn said: "Kevin Lagan has done lots of things to me he should not be proud of. 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. 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The sale of a huge chunk of the building materials and construction empire, the Lagan Group of Belfast left to brothers Kevin (67) and Michael (61) having been established in the 1960s by their father Peter has been a major boost to Kevins finances. Whether you are considering building, buying, or chartering a quality yacht, talk to a professional talk to Kevin Callahan. A manufacturer of modular closed panel and timber frame systems for the construction industry, it employs about 100 people and is supplying about 470 luxury holiday lodges to Irelands first-ever CenterParcs resort in Co Longford. Ft. Lauderdale, FL, USA 33316. FastHouse is an innovative modular timber frame and bonded panel systems business based in Limavady, Northern Ireland. Lidia Dinkova. Belfast music legend Van Morrison (73) released his 40th studio album, The Prophet Speaks, in December. His two sons Kevin and Michael took over the running of the business, expanding the group aggressively. Breedon chief exec Pat Ward says Lagan is not a business where he's seeking to strip out costs but rather sees it as a platform for growth. 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Residents while in U.S. waters, Yacht Manager | Ft Lauderdale Yacht Brokerage. It significantly strengthens our cement offer, adds to our mineral and downstream resources, brings us a bitumen import/export business and adds real weight to our contract surfacing operations. 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. Cement Manufacturing Facility, Kinnegad, Ireland. Skipper Kevin Lagan and his friends were on a trip to. Mr Ward says Jude Lagan, Terry Lagan & Mark Kelly will be staying with the business. In early November, Kevin Lagan and family gathered in Belfasts plush new five-star hotel, the Grand Central, to usher in a new era. CONSTRUCTION veteran Kevin Lagan has entered into an agreement to sell most of his Lagan Group assets to AIM-listed British construction materials companyBreedon Groupfor 455 million on a cash and debt free basis. 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. Belfast boatman helps saves 'lost' pigeon 'Declan' from remote Scottish Belfast-based Herbert (61) operates 145 KFC outlets, with up to 40 new ones added last year, making the group the biggest KFC fast-food franchise in Europe. He brought the same restorative touch to Coca-Cola, where he spent much of his working life and reached his career pinnacle as chairman and CEO, bringing back its fizz when it needed it most. Kevin has 1 job listed on their profile. But the sale, announced today, of Kevin's Lagan Group for 526 million in cash is likely to propel him further up the wealth table. 16 Frances and Patrick Connolly 115m (Lottery win). He's banked dividends of over 13m over the past three years. 2023 Moran Yacht & Ship, Inc. All rights reserved. That could have lead to the group being broken up and its trading companies sold. Pic: Liam McBurney/PA Wire. Kelly previously spent three years as chief executive of the company, which bought Quinn Insurance for 1 back in 2011. At the age of 21, this North East English native took the chance and jumped at the chance to sail (oh so green) aboard a sailing schooner bound from Spain to the West Indies and onwards to the US. The combination of Breedon and Lagans materials interests will create a workforce of 3,000 and turnover of more than 900m. 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. Sep 2012 - Present10 years 8 months. Kevin Callahan yacht broker at Moran Yacht and Ship Pompano . It is now the largest producer of snack foods in the UK following its acquisition of Tavern Snacks in 2017. There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". Among Kevin's many notable successes are the sale of the 164' Westport (50M) LADY KATHRYN IV, 192 (58.5 m) Lurssen CAPRI, 223' (68M) Lurssen KISMET, 200' (61M) Lurssen LADY KATHRYN V, 198' (60M) Lurssen . Please fill out the form below to contact this member of the team. This field is for validation purposes and should be left unchanged. Enter a Crossword Clue. Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. 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". Armagh-born Edmund F 'Ted' Kelly (73) is a former chairman of insurance giant, Liberty Mutual. . Forbes said he earned about $34m in 2018, plus another $3.7m in winnings. 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. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. Former Formula One driver Eddie Irvine (52) raced for Jordan, Ferrari and Jaguar and won four Grand Prix. Kevin Merrigan honors Bill Langan | SuperYacht Times Delivered in 2008, it could not be reported until now for legal reasons. Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. Details of the falling out were revealed in a High Court judgement which concerned Michael's attempt to have the business wound up. Declan had been in full flight back to the Maiden City from Skibbereen in Cork when he was targeted by the bird of prey. 104m of assets including properties and farmland were transferred to Mary and her family in 2015. 16 May 2022 | 09:00. The company performed strongly up until its last set of six months' interim results late last year, with both sales and profits up 20%. Most populous nation: Should India rejoice or panic? In February, the Lagan Construction Group, controlled by Michael, run by his son Kevin and unrelated to Lagan Group Holdings, appointed administrators to four of its companies. Ballymena-born actor Liam Neeson (66) has had a busy year as he continues his career beyond the smash hit Taken trilogy. Residents while in U.S. waters, Sales & Construction | Ft Lauderdale Yacht Brokerage. Previously they adapted The Bible for TV, while Burnett was the brains behind the formats for hits such as The Apprentice, Dragons Den and The Voice. The BBC is not responsible for the content of external sites. By. app. Yacht Haven Park & Marina in Fort Lauderdale sells for $58M The blue chequered cock had got his feathers in a fluster after he was attacked by a falcon. However, Michael complained that in 2005 Kevin had "frustrated" the agreed sale of the group's building materials and clay business. The manufacturing business was purchased by Chinese firm CIMC Vehicles in June 2016 for a price believed to be around 100m. Lagan Aviation & Infrastructure | Home BBC Worldwide took control of the Lonely Planet travel guide book business for a total of 121m. The 67-year-old announced plans to invest 50m into three centres of excellence across Northern Ireland, each tasked with developing technologies to diagnose heart conditions, cancer and infectious diseases. The secret mine that hid the Nazis' stolen treasure. O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. Three of Michael's companies had profits of 13.5m on 340m of revenues for 2016/2017. Kevin OGrady and Justin Neelis of Miami-based Concord Summit Capital arranged the loan from Fortress Credit Corporation. He turned to full-time property developing when his motorsport career finished in 2002 after making an estimated 40m from the sport. He is understood to be the main beneficiary of the sale to English aggregates company Breedon. 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. Please, The subscription details associated with this account need to be updated. The 71-year-old's firm Celador sold some of the rights for it in 2006, with Smith securing around 42m. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. Kevin Callahan - yacht broker - Moran Yacht and Ship | LinkedIn Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. Lagan Homes, one of the largest house-builders in Northern Ireland, with a long-standing reputation for delivering quality homes, has plans to develop its markets in Ireland and Britain, where it has established a strong regional presence. Please fill out the form below to contact this member of the team. Sellers Yacht Haven Park & Marina and Azurite, managed by Barry Yampol of Fort Lauderdale, had purchased the property in two deals, paying $4.6 million for the bigger portion in 1986 and $225,000 for the remainder in 1992, property records show. 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 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. He said the attempt to have the business wound-up was taken as a last resort after Kevin failed to make "a fair and reasonable offer" to buy his 42.5% share of the business. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. The keen surfer is based in south-west England. As part of the rebranding, the buyers renamed the property Yacht Haven Park & Marina from its previous moniker Fort Lauderdale Yacht Haven Park and Marina. Bitter feud threatened the Lagan Group - BBC News Sales and profits were slightly down in the (most recent) 2017 accounts of 70-year-old Harold Montgomery's Newtownabbey haulage firm, Ballyvesey. Founded by haulier Peter Lagan in 1960 with the acquisition of the White Mountain Quarry outside Belfast, Kevin took over from his father in 1969, working with his brother Michael on building up the business. Scott Disick steps out with daughter Penelope and niece North in New 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.