View Kevin Callahan's profile on LinkedIn, the world's largest professional community. Born in Greenwich, Connecticut on June 9th 1955, sailing was his lifelong passion and in 1978 he joined the prestigious Sparkman & Stephens . 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. Taking a break from seafaring, Kevin worked as a journalist for marine publications, writing technical articles, policy and features. Video, The secret mine that hid the Nazis' stolen treasure, MasterChef Australia host Jock Zonfrillo dies, Trevelyan relative 'would consider' famine payment, Four dead after suspected pigeon racer dispute, Adidas sued by investors over Kanye West deal, Suspected IS chief killed in Syria, Turkey says, UK chip giant Arm files for blockbuster share sale. In the event, the winding-up petition did not go to a full hearing because the substantive matters were settled out of court. They moved into asphalt and concrete production and started exporting to the Britain in 1984, later opening cement plants in the Republic and engaging in house building in Ireland and the United Kingdom. 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. Bill Langan - Wikipedia 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. Kevin Merrigan honors Bill Langan | SuperYacht Times 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. In responding affidavits Kevin Lagan rejected those claims and said Michael's attempt to have the group wound up had caused it "substantial damage". 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. 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. Moran Yacht & Ship. Matters appeared to reach a head in 2007 when a company in which Kevin was the majority shareholder paid 31m to acquire Welsh Slate. But a feud between the brothers threatened the future of the Lagan Group and subsequently led to the business being split up in 2008, with both working together on areas of mutual interest. 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. ", Russia launches pre-dawn missile attack on Ukraine, Chaos at port as thousands rush to leave Sudan. In a joint statement issued on Thursday, the brothers said said they now have separate businesses but are working together on areas of mutual interest. There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". However, it is still one of the largest in the sector in Northern Ireland. 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. . Three of Michael's companies had profits of 13.5m on 340m of revenues for 2016/2017. 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. 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. Former Galen finance chief Geoffrey Elliott (66) controls medical packaging group, Pharmapac. 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. Bill Langan. 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". Kevin Callahan | Sales & Construction | Ft Lauderdale Yacht Brokers Learn more about our team of experienced yacht sales brokers, yacht charter brokers, yacht construction managers, and yacht management specialists. 16 Frances and Patrick Connolly 115m (Lottery win). The worn-out bird eventually landed on Hirta the largest island in the St Kilda archipelago 100 miles from the Scottish mainland. He turned to full-time property developing when his motorsport career finished in 2002 after making an estimated 40m from the sport. Returning to yachting in early 1990 he plunged into the charter business as master on megayachts for over a decade and a half, running between: the Mediterranean, the Caribbean, Bahamas and Central America; and the US from Alaska to Maine until coming ashore to work in management and regulation. Details of the falling out were revealed in a High Court judgement which concerned Michael's attempt to have the business wound up. 204 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. This is the latest of a slew of marina deals in South Florida. Lidia Dinkova. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world. Our innovative products are manufactured using modern methods of construction at our state of the art facility in Limavady, Northern Ireland. 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. Bitter feud threatened the Lagan Group - BBC News 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. 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. Explore in 3D: The dazzling crown that makes a king. Bio-security expert Conor McKinney is also from outside Derry. Le Panorama, 57 rue Grimaldi, 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. Lagan Homes group posts pre-tax profits of 6.2m for 2020 Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. 157, 98000 MC, 6 Christies Landing Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital. 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. Delivered in 2008, it could not be reported until now for legal reasons. He added: We are all absolutely delighted.. 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. 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. Ballymena actor Liam Neeson in The Ballad of Buster Scruggs. His two sons Kevin and Michael took over the running of the business, expanding the group aggressively. Kevin Callahan - yacht broker - Moran Yacht and Ship | LinkedIn Belfast boatman helps saves 'lost' pigeon 'Declan' from remote Scottish 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. In April 2018, the construction materials business including the Cement Manufacturing Facility, Kinnegad was sold to Breedon Group Plc for 455m. Will there be an upsurge of yacht building in China? Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. VideoThe secret mine that hid the Nazis' stolen treasure, LGBT troops take love for Eurovision to front line, Why an Indian comedian is challenging fake news rules. 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. 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. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. 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. Is climate change killing Australian wine? The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Enter the length or pattern for better results. 6 Tom Eakin and family 305m (Medical Devices). Get the day's headlines delivered directly to your inbox. 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. 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. Famed superyacht designer Bill Langan dies. This field is for validation purposes and should be left unchanged. 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. He's banked dividends of over 13m over the past three years. Registered office: 1 London Bridge Street, SE1 9GF. Lagan Aviation & Infrastructure | Home Kevin McLean | Yacht Manager | Moran Yacht & Ship 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 Skipper Kevin Lagan and his friends were on a trip to. 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. Having started out as a provider of specialist software to leading global investment banks, the firm has evolved into a provider of products and consulting services, particularly building on its strength in ultra-high performance data analytics. 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. Private equity group 3i took a 40% stake in the business in 2007. 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. Mr Justice McCloskey described this deal as "the impetus for a major rift between the brothers". Belfast music legend Van Morrison (73) released his 40th studio album, The Prophet Speaks, in December. The blue chequered cock had got his feathers in a fluster after he was attacked by a falcon. I managed to catch it and saw it had a phone number, he said. Please, The subscription details associated with this account need to be updated. By chance they had anchored off a St Kilda, where construction workers told them the sad story of Declan a pigeon from Derry who had been posted missing during a tough race. . 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. 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. 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. 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. We operate out of two main offices; Belfast in Northern Ireland and Washington in the US. Family still dominates the business, with many of the Lagan brood still working in the enterprise. 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. 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. 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. The brothers grew the Lagan Group into a business with 1,000 staff. Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. This field is for validation purposes and should be left unchanged. 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. Belfast-born Danny Hill (76) emigrated to Australia at the age of 13 and made his fortune mining nickel in the 1970s. Sales and profits were slightly down in the (most recent) 2017 accounts of 70-year-old Harold Montgomery's Newtownabbey haulage firm, Ballyvesey. Jul 16, 2021, 10:30 AM. By 2002, however, the siblings Kevin and Michaelwent their separate ways. By 2017, this business had a turnover of more than 400m and employed around 1,200 people. app. And because he was from Derry, we agreed to call him Declan! he added. Attorney Luis Flores of Saul Ewing Arnstein & Lehr LLP represented the buyer in the deal. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. 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. Kelly previously spent three years as chief executive of the company, which bought Quinn Insurance for 1 back in 2011. I noticed it had a ring on its leg. is this what you want. The bullet was in a cigar box on which was pasted the words, Quinn . 2023 Moran Yacht & Ship, Inc. All rights reserved. "We believe it has the potential to add significantly to the groups performance and prospects and we are looking forward to working with our new colleagues to deliver further value for our investors.. Declan had been in full flight back to the Maiden City from Skibbereen in Cork when he was targeted by the bird of prey. They include a faith and family-oriented content network Lightworkers Media, which is a joint venture with MGM Studios, and the upcoming Netflix production Messiah. Forbes said he earned about $34m in 2018, plus another $3.7m in winnings. It also operates a major Hagen-Dazs franchise. 1300 SE 17th Street, Ste. The Crossword Solver found 30 answers to "go;;gee of lagan", 3 letters crossword clue. 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. 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Yacht Haven Park & Marina in Fort Lauderdale sells for $58M Armagh-born Edmund F 'Ted' Kelly (73) is a former chairman of insurance giant, Liberty Mutual. Fast House built. Payday for Kevin Lagan as he sells business for over 525m 1300 SE 17th Street, Ste. About Us | Lagan Investments A big-hearted boat owner from Belfast helped rescue an Irish racing pigeon lost on a remote Scottish island, the Sunday World has learned. The Emmy-nominated actress and her husband, former British soldier Mark Burnett (also 58), have made their money from TV formats and productions. 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. 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. . In July 2001, Kevin was elected as MEMBER of the prestigious NAUTICAL INSTITUTE based in the UK. Registered in England No. . Ballymena-born actor Liam Neeson (66) has had a busy year as he continues his career beyond the smash hit Taken trilogy. It describes how "increasing and unresolved differences" between the brothers developed into a "serious conflict". Le Panorama, 57 rue Grimaldi, 894646. Top of the pile is construction heavyweight Kevin Lagan with an estimated fortune of 442m in the chart compiled by the Sunday Independent newspaper. Company filings in the UK reveal he was in a number of investment consortia that put money into property regeneration in Liverpool's docklands, as well as property in Sheffield and a scheme to refurbish a data centre in Birmingham. Kevin (68) joined the Lagan family business in the early 1960s. Northern Ireland rich list: The 30 wealthiest people revealed The BBC is not responsible for the content of external sites. Confirming the sale, he said:"Id like to thank the staff for the role they have played in the growth of Lagan Group, and I wish them every success as they enter an exciting new chapter with Breedon, who I am confident will build on that success, supporting the development of the business in the years ahead.. Its most recent set of accounts, for the year to March 2011, refer to it acquiring the civil engineering, piling, PFI and operating and maintenance business of the Lagan Group as "part of a wider re-organisation". Its along the south fork of the New River. John (70) and his son Darren (47) both still sit on the board of Antrim-based Retlan Group. Michael later complained the Kevin had "reneged" on this deal with a view to getting him to sell his shareholding for a reduced price. In March, Delaware-registered Cove Marina Holding bought the 72-slip River Cove Marina on the Miami River for $11 million. Kevin Lagan is on a winning streak - The Times Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. 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. Fitzgerald heads up Antrim-headquartered healthcare diagnostics group Randox. 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". The case was settled in 2010 and the order removed in 2011 which cleared the way for the details to be published. 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 . Scott Disick steps out with daughter Penelope and niece North in New Planned improvements include a new 200K sf dry storage, Aerial of marina at 2323 and 2295 West State Road 84 (Google Maps). 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. 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. 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. 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. 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. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. Fort Lauderdale Motorcoach Resort and Yacht Club plans to upgrade and add amenities to the RV site, and renovate the marina with a new sea wall, according to the release. A big-hearted boat owner from Belfast helped rescue an Irish racing pigeon lost on a remote Scottish island, the Sunday World has learned. From a strategic perspective, it provides us with a stronger platform from which to pursue further organic growth and bolt-on acquisitions.. Michael (62) and one of his sons continue to run Belfast's Lagan Construction, a civil engineering business that emerged out of a nine-year court battle fought over the Lagan family business empire. The group holding company made a loss before tax of almost 420,000 in the year to the end of June 2017 and it noted that it was exposed to price pressure from competition that could hit revenue. The property now has 4,800 lineal feet of marina dockage for boats over 60 feet and 265 pad sites. Registered office: 1 London Bridge Street, SE1 9GF. His designs, both as chief designer at Sparkman & Stephens and later as the principal at Langan Design, numbered in the hundreds. Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. 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. Kevin Lagan and his two sons Peter (centre) and John. The family has already invested heavily in Lagan Homes, Northern Irelands biggest house builder, which is active in Britain and poised to expand into the Republic. 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 deal sees Breedon acquire Whitemountain, Lagan Cement, Lagan Brick, Lagan Asphalt and Welsh Slate, although Lagan Homes does not form part of the sale. Kevin enjoys fishing, boating, and spending time with his four sons. That could have lead to the group being broken up and its trading companies sold. Despite sustaining serious injuries to one of his wings, determined Declan managed to fend off the midair attack by doing an amazing 433-mile detour out over the Atlantic! It was reported that her husband left an estate worth 472m in total. A site by, 15% Discount On UTOPIA IV Charters Through April 30. He has a multinational property empire. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business.
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