One of Northern Ireland’s oldest and most prestigious building firms H&J Martin has joined the Lagan Construction Group of companies.
Whilst H&J Martin will continue to trade under their existing brand name, the entity will come under the structures of the Lagan Construction Group of companies.
Having finalised the deal, Lagan Construction Group will employ over 900 people with a turnover in excess of £300 million making them one of the largest construction and civil engineering groups on the island of Ireland.
“I am pleased to announce that H&J Martin will now form part of the Lagan Construction Group. As two family owned and run businesses there are many similarities and synergies between Lagan Construction Group and H& J Martin. This will enable Lagan Construction Group to offer new integrated services to clients in both the domestic and international marketplace.”Colin Loughran, Chief Executive of Lagan Construction Group
“We are excited by this opportunity and are looking forward to working with our new colleagues, within the Lagan Construction Group of companies.”Derek Martin, Managing Director of H&J Martin
“The construction industry makes an important contribution to the economy here in Northern Ireland. In an increasingly competitive market place, having two large well known construction employers secure the future of over 900 jobs by combining their respective talents is a positive move. This will only help enhance their ability to win and compete for large construction projects both home and abroad.”Enterprise Minister, Arlene Foster
The deal was supported by Danske Bank.
“We have been working with both Lagan Construction Group and H&J Martin for many years and are pleased to provide the finance for this significant deal. It is good news for the construction sector and will have a positive impact on NI’s economy. It also reinforces Danske Bank’s commitment to supporting businesses achieve their growth ambitions. Lagan Construction Group has a strong management team with a clear strategy, and this new deal will provide a platform for further sustainable growth.”Chris Martin, Corporate Banking Manager at Danske Bank