Investor Duke Street has agreed to acquire modular building specialist McAvoy

The acquisition follows five years of majority ownership by investment manager Blantyre Capital.

Founded in 1972, McAvoy designs, builds, and rents modular buildings with headquarters in Lisburn, Northern Ireland and over 160 employees across offices in Dublin, Birmingham, Bristol, and London.

Duke Street’s investment in McAvoy will increase the size and quality of its rental fleet.

Joe Thompson, Partner at Duke Street, said: “McAvoy is a sustainable, well-capitalised and market-leading business that has a strong reputation for building premium modular solutions.

“In the last few years, the exceptional management team, led by CEO Ron Clarke, has successfully taken to market a new and differentiated modular product, SmartSpace, that exceeds building regulation requirements.

“Duke Street’s acquisition of McAvoy complements our long-held investment focus in essential social infrastructure services that provide the backbone to the economy.”

Ron Clarke, CEO of McAvoy, said: “Securing the backing and support of Duke Street, one of Europe’s most well-respected investors, underscores the strength of our proposition.

“They join at a critical time in the modular building industry, when the need for high-quality solutions has never been higher. Our company is uniquely positioned for further growth with a model that combines operational excellence, sophisticated design and deep sector expertise.

“We thank Blantyre for their commitment and support over the past five years. Together, we have achieved significant growth, establishing McAvoy as a trusted provider of high-quality, adaptable modular buildings across the UK and Ireland.”