McInerney Holdings has announced the acquisition of British building firm Alexander Developments for €13m.
Alexander Developments has an established reputation as a leading independent house builder in the North East of England.
Its operations are mainly focused in the key regional commuter towns within this region.
Alexander specialises in building houses, mainly detached, based on customers' individual requirements in line with the potential of the land. The Company has a land bank sufficient to cover over two years of unit output at current annual building levels.
McInerney's strategy in the UK market is to secure earnings growth both organically and through acquisition. The acquisition of Alexander is a further step towards achieving it's ambition to grow its UK operations to a scale and size similar to McInerney's Irish home building division.
Barry O'Connor, Managing Director, McInerney Holdings plc commenting today said: "This acquisition is a significant step forward in our plans to expand our UK operations."