W. McGovern & Co acquisition keeps it in the family
One of the North’s best known brick suppliers has been acquired by a serial entrepreneur, who has pledged significant investment after purchasing the business from his father-in-law.
W. McGovern & Co, which was founded in the North East in 1949, has been bought by George Heydon, the businessman behind a host of successful national and international ventures including training and development company The Talent Group and sports apparel and canine kit specialist Accapi Group.
Through the purchase of W. McGovern & Co from John McGovern, who is retiring, Mr Heydon has ensured the business remains in the family for a third generation and now plans to return the renowned company to its former status in the sector through a planned investment programme.
At one time, Felling based W. McGovern & Co was the leading brick supplier in the North of England and the brand remains nationally known and respected in the sector.
Now, Mr Heydon who started his own career as a bricklayer plans to invest heavily in his new venture, with a new state-of-the-art internal IT system being introduced alongside a new website. Investment will also be made in machinery at the Albion Street site.
All 10 members of staff have been retained through the purchase for their specialism and expertise, with Mr Heydon planning to add to the sales and customer service team.
The purchase of W. McGovern & Co. was overseen by Newcastle law firm Sintons, which acts for Mr Heydon across his portfolio of businesses.
Mr Heydon said: “McGovern was once the big name in this industry, with most of the bricks that moved through this region passing through their yard. Of course times change and while the brand is still regarded in the highest terms, operationally it has been scaled back. But it remains the case that the heritage, years of experience and skill in the business means we can offer an unrivalled service in this field.
“Through our planned programme of investment, both in terms of internal operations and through the creation of new jobs, we hope to restore McGovern as one of the big players in the field.
“I am hugely passionate about North East business, and am delighted to complete the acquisition of McGovern & Co. It is fantastic to have the opportunity to continue this great family tradition.”
He said: “W. McGovern & Co has almost 70 years of heritage in the region and enjoys a national reputation in its field for its quality over many decades. This acquisition has ensured it has stayed within the McGovern family for a third generation, which is an increasingly rare feat in this day and age.
“George’s reputation in business proceeds him, and he is well known in the North East and beyond for his commitment to making his ventures a success. We are delighted to have supported him in this acquisition.”