Offsite manufacturers, The McAvoy Group, has received a multi-million pound investment from London-based special situations firm, Blantyre Capital
The investment will support the offsite manufacturers in its growth in the offsite sector. It will also finance McAvoy’s ambitious expansion programme.
The McAvoy family – Orla Corr and Conor McAvoy – remain as shareholding directors and fully active in the business. The current Board will continue to be led by Mark Lowry, managing director, and will be joined by a director from Blantyre.
Orla Corr OBE, shareholder and director, 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.”
Ongoing projects
Projects nearing completion for the offsite manufacturers include a new mental health assessment unit at Kingston Hospital in Surrey and the 630-pupil Paxton Academy in Croydon, which is considered one of the most challenging offsite education projects ever undertaken. In a first for a modular building, McAvoy is constructing a play area on the roof of the four-storey building, and a multi-use games area (MUGA) above the sports hall.
