The keen surfer is based in south-west England. Pat Ward, Breedons group chief executive, added: Lagan represents a unique opportunity to enter a growing market with immediate scale and excellent opportunities for expansion. Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. 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. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. 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. In a joint statement issued on Thursday the brothers said: "This matter relates to a succession planning issue which arose some four years ago. Bill McCabe's Oyster Group is an investor in a host of tech and quirky companies - from Datahug, Fleetmatics and FieldAware to psychic phoneline firm Psytech Digital. At the time, Quinn said: "Kevin Lagan has done lots of things to me he should not be proud of. Please, 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 Michael in the shade, Belfasts Kevin Lagan, of the multinational construction group, has had a great year. . Speaking to the media, the couple, who are in their 50s, said when they found out they had won the jackpot they had "a cup of tea and a hug". FastHouse is an innovative modular timber frame and bonded panel systems business based in Limavady, Northern Ireland. After numerous charters, deliveries and professional ocean sail racing he settled on the shores of Buzzards Bay, Massachusetts, and for 10 years fished Georges Bank and the rugged North Atlantic, learning the business from the deck upwards until eventually owning and operating his own trawlers. 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. 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. With fish increasingly scarce, Kevin studied at sea for a commercial masters license and secured a captains position with a major oil field supply company. Ft. Lauderdale, FL, USA 33316. Kevin Lagan and his two sons Peter (centre) and John. 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. Later he joined a marine research group in Woods Hole, MA, as Director of Ocean Programs including the sole responsibility for designing and fitting gear and machinery for low environment impact trawling. He and his wife's high-end property development firm, Chardan Development Group, which primarily focused on developments along the Australian Sunshine Coast near Brisbane, has also prospered. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. 2023 BBC. The brothers grew the Lagan Group into a business with 1,000 staff. The BBC is not responsible for the content of external sites. Family still dominates the business, with many of the Lagan brood still working in the enterprise. 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. View Kevin Callahan's profile on LinkedIn, the world's largest professional community. Kevin Lagan has just sold most of his business for 526 million - in cash - and will retain the homebuilding arm. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. The 71-year-old's firm Celador sold some of the rights for it in 2006, with Smith securing around 42m. This field is for validation purposes and should be left unchanged. Kevin OGrady and Justin Neelis of Miami-based Concord Summit Capital arranged the loan from Fortress Credit Corporation. 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. Lagan is a leading supplier of construction materials and contract surfacing in Ireland and the UK with a modern cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. Kevin Lagan enters into an agreement with Breedon Group plc to sell Lagan Group for 455m. 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. Kevin has 1 job listed on their profile. Forbes said he earned about $34m in 2018, plus another $3.7m in winnings. From a strategic perspective, it provides us with a stronger platform from which to pursue further organic growth and bolt-on acquisitions.. 104m of assets including properties and farmland were transferred to Mary and her family in 2015. 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. Son of construction empire founder takes pride of place at top of rich list with 442m fortune, Euromillions winnersFrances Connolly, 52, and Patrick Connolly, 54, from Moira scooped a 115 million EuroMillions jackpot in the New Year's Day lottery draw. The settlement involved Michael Lagan taking exclusive control of some parts of the business, now called the Lagan Construction Group. Mr Ward says Jude Lagan, Terry Lagan & Mark Kelly will be staying with the business. However, it is still one of the largest in the sector in Northern Ireland. Building on this in-house expertise, Lagan Homes expanded further into the Republic of Ireland in early 2019. Read about our approach to external linking. 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 . The singer - knighted by the Queen - also owns residential properties in Belfast and Bath. The Conlig man bought an island in the Bahamas and the nearby Exuma Yacht Club in 2011 and is reported to have invested $10m turning it into a luxury resort. And as luck would have it the bird was found by Derry man Conor McKinney who in turn pleaded with visiting boat owner Kevin Lagan to bring him back home to Ireland! Cement Manufacturing Facility, Kinnegad, Ireland. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. 6 Tom Eakin and family 305m (Medical Devices). Will there be an upsurge of yacht building in China? is this what you want. Michael William Langan, (Bill Langan), (June 9, 1955 - December 31, 2010) was an American yacht designer who practiced his trade in New York City and Newport, Rhode Island. 157, 98000 MC, 6 Christies Landing 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. 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. And because he was from Derry, we agreed to call him Declan! he added. Please, The subscription details associated with this account need to be updated. Explore in 3D: The dazzling crown that makes a king. The combination of Breedon and Lagans materials interests will create a workforce of 3,000 and turnover of more than 900m. 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 Lagan Homes and FastHouse were retained by the Lagan family. West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family's exhaust repair business. It was reported that her husband left an estate worth 472m in total. And I couldnt believe it when the pigeons owner told me he was also from Derry! The judgement suggests that the roots of the dispute go back to 2001 when there were efforts by the two men to agree on the re-organisation of the group. 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 Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. We gave him water and yogurt to help build him up. Businessman and boat owner Kevin Lagan said: We were just happy to be able to offer Declan a lift back to Ireland. Whether you are considering building, buying, or chartering a quality yacht, talk to a professional talk to Kevin Callahan. That could have lead to the group being broken up and its trading companies sold. 157, 98000 MC, 6 Christies Landing Delivered in 2008, it could not be reported until now for legal reasons. Co Down native Rea (65) owns about 60% of AES Engineering, the Yorkshire firm he founded that became the world's largest manufacturer of mechanical seals. 204 His two sons Kevin and Michael took over the running of the business, expanding the group aggressively. Wetherspoons has over 900 pubs in the UK. 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. Tue Apr 17 2018 - 17:45 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. On the day of his wifes death, Kevin Lagan received a letter warning that, if the sale went ahead, the buyers would not live to see the benefits of the sale. Details of the falling out were revealed in a High Court judgement which concerned Michael's attempt to have the business wound up. Its culture is complementary to our own, with a sharp focus on customer service, a first-class workforce and a commitment to safety, which is a key priority for us. 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. "We continue to work closely on areas of mutual interest while leading our individual businesses through this challenging economic climate. It also operates a major Hagen-Dazs franchise. After a protracted battle with the billionaire Barclay brothers, he sold a 36% stake in three of London's most expensive hotels to the Qatari royal family, but continues to receive a 5m-a-year fee for helping to manage them. Ft. Lauderdale, FL, USA 33316. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. His extensive cruising knowledge of the Bahamas and Caribbean provides his clients with an unrivaled professional service. 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. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. 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. When Chris Watson (44) took the helm of his parents' Ballyclare-based Chain Reactions cycling equipment business, he looked to the internet for growth and he got it. Kevin and Michael Lagan grew the Lagan Group into a business with 1,000 staff and an annual turnover of 400m. So much so that it became the biggest online retailer of all things cycling-related. Registered office: 1 London Bridge Street, SE1 9GF. By 2002, however, the siblings Kevin and Michaelwent their separate ways. Declan had been in full flight back to the Maiden City from Skibbereen in Cork when he was targeted by the bird of prey. And were glad to hear hes doing well back in Derry, he added. Company/Ship Security Officer, Massachusetts Maritime Academy, June 2004. 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. 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. Taking a break from seafaring, Kevin worked as a journalist for marine publications, writing technical articles, policy and features. 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. After numerous charters, deliveries . He has also retained Lagan Homes, a housebuilding division, while sons Peter and John are investing in property, distribution and tourism ventures through Lagan Investments. 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. Famed superyacht designer Bill Langan dies. Last year, it invested in Fast House, a maker of factory-built modular housing. Londonderry-born actress-turned-LA producer Roma Downey and east Belfast-born music legend Van Morrison are among the handful of famous names from the entertainment world on the list dominated by home-grown entrepreneurs who have created internationally successful companies. Breedons executive chairman Peter Tom said: Over the last eight years we have pursued a successful buy-and-build strategy which has established us as the largest independent construction materials business in the UK and the acquisition of Lagan is another strategic step for us. Co Down man Tom Eakin (85) was running his pharmacy in Dundonald on the outskirts of east Belfast when he set up TG Eakin company in 1974 to produce medical ostomy products, particularly skin protection and wound drainage products. It describes how "increasing and unresolved differences" between the brothers developed into a "serious conflict". Moran Yacht & Ship. Three of Michael's companies had profits of 13.5m on 340m of revenues for 2016/2017. He claimed Kevin's behaviour involved reneging on agreements and trying to exclude him from the management of the group. But the sale, announced. "In 2008, acting in the best interests of the Lagan businesses, we entered a process of negotiation and discussion through the Chancery Court. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 million, with the buyers scoring an $81.7 million purchase and renovation loan. Previously, his Lesley Tower was sold for 8.6m, while his Lesley Exchange buildings were sold for 2.3m and 3m each. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. Frances and Patrick Connolly from Moira started off 2019 with a life-changing lottery win. 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. He has since invested large amounts in property and other developments as far afield as Miami. Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. Lagan Investment would take a flexible approach to seeking opportunities across a variety of sectors, both locally and internationally. The manufacturing business was purchased by Chinese firm CIMC Vehicles in June 2016 for a price believed to be around 100m. 4 May 2022 | 11:30. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. 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. The designer of some of the world's most successful yachts, Bill Langan, died peacefully on December 31st after a two year battle against leukemia, aged 55. But the order came after a difficult year for the firm which saw a big drop in profits and two rounds of redundancies. I noticed it had a ring on its leg. Armagh-born Edmund F 'Ted' Kelly (73) is a former chairman of insurance giant, Liberty Mutual. Sale of the Lagan Group, announced today, may mark a significant departure for Kevin and his family, but not a complete exit; Kevin and his family are to keep Lagan Homes, one of the largest housebuilders in Northern Ireland, with turnover of some 76 million in 2017. The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, OGrady added. 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. 16 May 2022 | 09:00. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. BBC Worldwide took control of the Lonely Planet travel guide book business for a total of 121m. Frame-Tech Structures, based in Dewsbury, England specialises in a diverse range of timber frame projects from large and small social housing schemes to large multi storey apartment blocks, hotels, commercial and public sector projects including schools and care homes. 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Lagan is well-run, well-invested, with an experienced management team and a strong track record. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. He is actively involved with constructing one of the largest yachts ever to be built for a USA-based client, the 305 (93 m) GLOBAL project currently under construction in Germany. 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 firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". 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Among Kevins 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 SOLEMATES, and the 288 (88M) Lurssen QUATROELLE. All Content Copyright Lagan Investments 2020 |Privacy Statement. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. Belfast native Paul Smith (70) developed the quiz show format for Who Wants to Be A Millionaire? We assume that he benefited from a minority stake in the group. Kevin and Michael Lagan grew the Lagan Group into. They scooped a total of 114,969,775.70 in the EuroMillions draw. Enter the length or pattern for better results. 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. Its along the south fork of the New River. Sep 2012 - Present10 years 8 months. He is understood to be the main beneficiary of the sale to English aggregates company Breedon. Kevin Lagan and his family intend to pursue a managed growth strategy with the Lagan Homes and FastHouse businesses, which are being retained. This is the first thing I've done to him that I am not proud of." 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. 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. Lidia Dinkova. Le Panorama, 57 rue Grimaldi, 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. 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. In the event, the winding-up petition did not go to a full hearing because the substantive matters were settled out of court. The blue chequered cock had got his feathers in a fluster after he was attacked by a falcon. Lagan Homes is a premier house-builder with operations in Northern Ireland, England and Republic of Ireland. The reality TV personality, 39, braved the chilly . In April 2018, the construction materials business including the Cement Manufacturing Facility, Kinnegad was sold to Breedon Group Plc for 455m. app. Pre-tax profits were 1.5m in 2017, down from 10.7m in 2016. In March, Delaware-registered Cove Marina Holding bought the 72-slip River Cove Marina on the Miami River for $11 million. 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. Brexit and uncertainty around sterling are potential concerns but turnover grew from 163m to 173m in 2017, with profits down from 2.9m to 1.5m. 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. In affidavits filed in 2008 as part of the court case Michael Lagan accused his brother of seriously undermining their "relationship of trust and confidence". Since then, the couple have set up the Planet Wheeler foundation in 2008 to tackle poverty in Southeast Asia, East and West Africa, Nepal and Afghanistan. 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