Belfast Telegraph

Lagan takes over H&J Martin as building firms merge

By Margaret Canning

Two of Northern Ireland's best-known names in construction have joined forces as H&J Martin becomes part of Lagan Construction Group.

H&J Martin has been bought over by Lagan Construction Group for an undisclosed sum but will continue to trade under its own name.

Following the merger, which was supported by Danske Bank, Lagan Construction Group will employ more than 900 people with a turnover of more than £300m.

A spokeswoman said it would "make them one of the largest construction and civil engineering groups on the island of Ireland".

Colin Loughran, the chief executive of Lagan Construction Group, said: "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".

Gerard Armstrong from law firm Carson McDowell, which acted for the sellers in the deal, said: "This deal presents exciting new opportunities for one of the longest-established and most prestigious construction brands in Northern Ireland.

"H&J Martin has been responsible for some of our most iconic buildings, including the Grand Opera House and Belfast City Hall, and we expect it will enjoy similar success in future as part of the Lagan Construction group."

Enterprise Minister Arlene Foster said: "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."

Belfast Telegraph