Kevin OGrady and Justin Neelis of Miami-based Concord Summit Capital arranged the loan from Fortress Credit Corporation. 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. 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. 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. The blue chequered cock had got his feathers in a fluster after he was attacked by a falcon. Kevin Callahan - yacht broker - Moran Yacht and Ship | LinkedIn 10 Philip O'Doherty 173m (Manufacturing). Residents while in U.S. waters, Yacht Manager | Ft Lauderdale Yacht Brokerage. 19 John and Darren Donnelly 94m (Transport). There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". Enter a Crossword Clue. Michael later complained the Kevin had "reneged" on this deal with a view to getting him to sell his shareholding for a reduced price. Born in Greenwich, Connecticut on June 9th 1955, sailing was his lifelong passion and in 1978 he joined the prestigious Sparkman & Stephens . In early November, Kevin Lagan and family gathered in Belfasts plush new five-star hotel, the Grand Central, to usher in a new era. Kevin Lagan and his family intend to pursue a managed growth strategy with the Lagan Homes and FastHouse businesses, which are being retained. Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List. The company performed strongly up until its last set of six months' interim results late last year, with both sales and profits up 20%. View Kevin Callahan's profile on LinkedIn, the world's largest professional community. 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But the sale, announced. Bitter feud threatened the Lagan Group - BBC News 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. 2023 Moran Yacht & Ship, Inc. All rights reserved. 16 May 2022 | 09:00. The property now has 4,800 lineal feet of marina dockage for boats over 60 feet and 265 pad sites. Lagan is well-run, well-invested, with an experienced management team and a strong track record. Most populous nation: Should India rejoice or panic? But the order came after a difficult year for the firm which saw a big drop in profits and two rounds of redundancies. The singer - knighted by the Queen - also owns residential properties in Belfast and Bath. He is currently working in construction on St Kilda and he spotted the injured bird shortly after it landed on the island. Kevin enjoys fishing, boating, and spending time with his four sons. 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. Residents while in U.S. waters, Sales & Construction | Ft Lauderdale Yacht Brokerage. Northern Ireland rich list: The 30 wealthiest people revealed 30 William Wright and family 61m (Transport). Belfast music legend Van Morrison (73) released his 40th studio album, The Prophet Speaks, in December. 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. 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. go;;gee of lagan Crossword Clue | Wordplays.com Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. 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. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. However, it is still one of the largest in the sector in Northern Ireland. 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 April 2018, the construction materials business including the Cement Manufacturing Facility, Kinnegad was sold to Breedon Group Plc for 455m. Lagan Aviation & Infrastructure | Home 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. 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. This field is for validation purposes and should be left unchanged. 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. Also, Safe Harbor Marinas paid $340 million for the superyacht storage and repair facility Lauderdale Marine Center in Fort Lauderdale in May. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. 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. 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. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. 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. 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. John (70) and his son Darren (47) both still sit on the board of Antrim-based Retlan Group. 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. Ft. Lauderdale, FL, USA 33316. Lagan Homes and FastHouse were retained by the Lagan family. 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. 16 Frances and Patrick Connolly 115m (Lottery win). Another Lagan director gave evidence that had the petition become public it would have had "catastrophic" consequences for the business. Famed superyacht designer Bill Langan dies. 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. Adam Abdallah refused bail for assault on referee Khodr Yaghi after Chamber music enthusiast and former pharmaceutical graduate and lecturer at Queen's University Belfast, John King (69), who lives in Co Kildare, is the former CEO of women's healthcare firm Galen, which was one of Northern Ireland's largest firms in the sector. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world. 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. Will there be an upsurge of yacht building in China? 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. 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. The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Matters appeared to reach a head in 2007 when a company in which Kevin was the majority shareholder paid 31m to acquire Welsh Slate. He claimed Kevin's behaviour involved reneging on agreements and trying to exclude him from the management of the group. Subsequently however, Lagan discussed a merger with Quinn Building Products in 2013, but talks ended after just two months, after a rifle bullet was sent to Kevin Lagan. 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. BBC Worldwide took control of the Lonely Planet travel guide book business for a total of 121m. 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. Kevin Callahan yacht broker at Moran Yacht and Ship Pompano . 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In July 2001, Kevin was elected as MEMBER of the prestigious NAUTICAL INSTITUTE based in the UK. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 . 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 2008, acting in the best interests of the Lagan businesses, we entered a process of negotiation and discussion through the Chancery Court. 22 Geoffrey Elliott 88m (Pharmaceuticals). 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. 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! Founded in 1985, Lagan Homes is the premier house-builder in the Greater Belfast region, selling more than 350 quality homes annually. It did not pay the Portadown man a dividend in the year but said investment continued in order to meet new customer demand. ", Russia launches pre-dawn missile attack on Ukraine, Chaos at port as thousands rush to leave Sudan. 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. Skipper Kevin Lagan and his friends were on a trip to. . 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. Click the answer to find similar crossword clues . 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. Enter the length or pattern for better results. 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". He has since invested large amounts in property and other developments as far afield as Miami. 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. 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. 157, 98000 MC, 6 Christies Landing Kevin's affidavits said the petition had had the effect of "fundamentally altering" the firm's relationships with its bankers and business partners. We assume that he benefited from a minority stake in the group. 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. Building on this in-house expertise, Lagan Homes expanded further into the Republic of Ireland in early 2019. 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. 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. 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. Thu Jul 11 2019 - 05:45. 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. The combination of Breedon and Lagans materials interests will create a workforce of 3,000 and turnover of more than 900m. 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 . 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. In responding affidavits Kevin Lagan rejected those claims and said Michael's attempt to have the group wound up had caused it "substantial damage". Wetherspoons has over 900 pubs in the UK. Company/Ship Security Officer, Massachusetts Maritime Academy, June 2004. Fast House built. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. Learn more about our team of experienced yacht sales brokers, yacht charter brokers, yacht construction managers, and yacht management specialists. Fitzgerald heads up Antrim-headquartered healthcare diagnostics group Randox. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. 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. 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O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. Kevin Lagan has just sold most of his business for 526 million - in cash - and will retain the homebuilding arm. The reality TV personality, 39, braved the chilly . 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.. 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. 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. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. However, Michael complained that in 2005 Kevin had "frustrated" the agreed sale of the group's building materials and clay business. Please, The subscription details associated with this account need to be updated. "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.. 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. After numerous charters, deliveries . IGY Marinas unveils the IGY Trident membership programme. 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. Working as master aboard offshore tugs, supply ships and research vessels, mostly in Latin America (Spanish speaker) Kevin increasingly specialized in the formal training of Latin crew and sailing ships to US shipyards for refit and US Coast Guard Certificate of Inspection. The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, OGrady added. Mr Justice McCloskey described this deal as "the impetus for a major rift between the brothers". Previously, his Lesley Tower was sold for 8.6m, while his Lesley Exchange buildings were sold for 2.3m and 3m each. Registered office: 1 London Bridge Street, SE1 9GF. Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. Kevin McLean. 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. The share price has fallen by 14% in the past year. Last year, it invested in Fast House, a maker of factory-built modular housing. Frances and Patrick Connolly from Moira started off 2019 with a life-changing lottery win. His two sons Kevin and Michael took over the running of the business, expanding the group aggressively.