P. McVey Building Systems acquire Donnelly Cabins in expansion
P. McVey Building Systems has acquired local modular building company Donnelly Cabins.
The deal will further its growth and continued success, which was supported by Danske Bank.
Mid Ulster-based P. McVey Building Systems sell, hire and maintain modular, temporary and jackleg buildings for a range of sectors, including construction, healthcare, commercial and residential.
The deal included a 20,000ft state-of-the-art factory, providing the company with additional manufacturing facilities. Donnelly Cabin employees are now contracted under P Mc Vey Building Systems – taking the total workforce from 20 to 27 full time employees.
The takeover has increased P McVey Building Systems’ fleet of rental buildings to over five hundred, whilst securing new deals on building hire and developing working relationships with companies such as CDE Global and Farrans.
P Mc Vey Building Systems have successfully acquired several key clients since the takeover which has now seen them become suppliers to the Department of Education NI and ROI frameworks.
With continued growth and expansion, P Mc Vey Building Systems are forecasting a further increase in annual turnover, along with plans for expansion in England, targeting the English and Welsh markets, projecting a further fifteen job opportunities in 2022.
Managing director, Pat McVey, said: “The acquisition has expanded our facilities allowing for greater efficiency and more effective lead times allowing us to achieve our target turnover before the final quarter. With two facilities working at full capacity, we can now maintain workload, ensuring a quality service to all our clients within every sector, throughout Ireland – meeting the project programme and budget assigned.”
Gary McLaughlin, business banking manager at Danske Bank, added: “P McVey Building Systems is a long-established family business with over 35 years of experience in the modular and temporary buildings industry. Its sustained growth and expansion into new markets has demonstrated the strategic benefits of the acquisition. Danske Bank is pleased to have been able to support the company in the deal and looks forward to its continued growth and expansion in the future.”
The family run business is an award-winning company, who has been successfully delivering bespoke, high quality off-site projects and modular buildings.
Projects are completed 30-50% faster than traditional construction with a greater certainty of completion on time and within budget – significantly reducing our carbon footprint’s impact on the environment.
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