A number of key appointments help strengthen modular business
The McAvoy Group has announced the appointment of Ron Clarke as chief executive following the retirement of Mark Lowry, who will remain with the business as non-executive director.
Clarke was appointed chief operating officer in March 2021 following senior roles with construction leader, Graham, where he played a key role in the growth of the business national; and, more recently, with Mac Group.
Lowry joined McAvoy in March 2019, shortly before funds advised by Blantyre Capital became the new majority owner.
He has since steered the business through a challenging period and spearheaded its return to profitability.
The offsite leader reported positive financial results for the six months to 30 April 2021, with a 30% year-on-year increase in revenue.
And the business has secured all its budget revenues for 2022, with significant progress made in securing forecast revenues for 2023.
Clarke said: “Mark has played a pivotal role over the past two years in leading an ambitious growth strategy and, together with our very talented and experienced management team, I am looking forward to taking the business into the next phase of its development.
“We continue to make significant investments in growing the company, including the expansion of our hire fleet.”
Lowry added: “Despite the challenges facing the construction industry during the last 18 months, McAvoy has performed well, supported by Blantyre which has stewarded the business through a steep transition period.
“I’m pleased to be handing the reins to Ron, who benefits from a huge amount of experience in the construction industry, and I’ve no doubt he will be an excellent leader as McAvoy continues to evolve, focusing on long-term sustainability and resilience, underpinned by an effective ESG strategy.”
The growth in the business was accompanied by the announcement of additional senior management hires and promotions, with Martin Daly joining as chief financial officer and the promotion of Stephen Clayton to preconstruction director.
The company’s modular hire and sales division has also been boosted with Glen Busby’s promotion to divisional director.