The founders of Keltbray Lagan Power, the specialist electrical engineering contractor, which has been part of the Keltbray Group since 2018, have completed a management buyout of the business. The acquisition is effective from 30 April 2021 with directors Emmet Lagan and Stephen Lagan acquiring the majority shareholding from Keltbray Group (Holdings) Limited. The company will now trade as Lagan Energy Engineering Ltd.
Lagan Energy Engineering will continue to be based from its existing offices in Omagh Co. Tyrone, together with the Dublin Airport Office and other operational locations such as Scotland and Mainland Europe, to further develop its specialist electrical engineering services for valued clients. Both companies have benefited from each other’s experience and expertise across the construction and engineering sectors during their time working.
As always, for both Keltbray and Lagan, customers remain our top priority and following the transaction all existing client contracts will be honoured under the terms agreed with no impact on service.
Jointly commenting on the transaction, Emmet and Stephen Lagan said: “All the employees at KLP (now Lagan Energy Engineering) are grateful for the experience shared with the Keltbray Group and we wish them every success in the future. We will continue to work with Keltbray Group where business opportunities present themselves and we look forward to maintaining valued relationships forged with esteemed colleagues over this past two years.”
A spokesperson for Keltbray said: “Keltbray fully supports the decision by Lagan Energy Engineering’s shareholders to take the business in a new strategic direction and we will work together closely with them to ensure a seamless transition. We wish Emmet and Stephen Lagan, together with the Lagan team, every success moving forward and look forward to working together on appropriate future opportunities.”
ENDS
Media Enquiries
Philip Pashley
Group Director, Corporate Communications
Keltbray Holdings Limited
Tel: +44 (0)7860 954620
Email: [email protected]
Nina Fairfowl
Corporate Communications Manager
Keltbray Holdings Limited
Tel: +44 (0)7395 792301
Email: [email protected]
Notes for Editors
About Keltbray
Keltbray is a leading UK specialist engineering and construction services business, offering a unique self-delivery capability spanning key phases of the construction value chain – civil engineering, geotechnical, asbestos management, demolition, piling and reinforced concrete structures, decommissioning, remediation, rail, power distribution and transmission, and environmental services.
The company was founded in 1976 and is privately owned, directly employs over 1,700 people, and is a key delivery partner to blue-chip public and private sector customers, contributing to the development and maintenance of Britain’s rapidly changing economic infrastructure and built environment.
Keltbray provides certainty of delivery to meet the needs of diverse and complex projects. Its professionally trained employees take pride in delivering safely and sustainably, on time, to budget, and with care for the environment and our communities. Keltbray has successfully completed a range of high profile construction projects on schemes including The Shard, Queen Elizabeth Olympic Park Stadium, St Pancras International, Crossrail, Earls Court, Battersea Power Station, Ferrybridge Power Station decommissioning and HS2.
