Offsite firm McAvoy targets resi growth with new CEO
Eugene Lynch and Mark Lowry
Offsite construction firm McAvoy has appointed its first chief executive as well as a new managing director, as it aims to expand into the residential sector.
Eugene Lynch has taken up the position of chief executive, having held the role of managing director at McAvoy since 2007. He will lead the group’s expansion into the residential sector and will spearhead the investment, development and launch of a new offsite housing factory.
Mark Lowry has joined McAvoy as managing director, taking responsibility for the existing business and the continued delivery of its strategic growth plan. He was previously a group director of building materials group CRH.
Prior to that, he was managing director of Northstone, the largest building materials and construction group in Northern Ireland, which includes Farrans Construction. He is a graduate in civil engineering, a Chartered Civil Engineer, a Fellow of the Irish Academy of Engineering, a Fellow of the Chartered Institute of Building (CIOB), and a Fellow of the Institution of Civil Engineers (ICE).
Orla Corr OBE, chair of the McAvoy Group, said: “This is a really exciting phase in the history of the Group. We have an ambitious growth strategy in place which includes plans to double the size of our existing business by 2025. This will be achieved by retaining and expanding our market share in the healthcare, education, infrastructure and commercial sectors and by growing our modular hire business.”
“We are very pleased with how the market has received our launch into the offsite housing sector, which has generated a lot of interest and commercial opportunities for the business. Under Eugene’s leadership, we aim to be manufacturing around 1000 new homes a year by 2023 under the Smart Living brand.”