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.”
