Devon Contractors, one of the region’s most well-known construction companies, has now expanded its shareholding and senior management team.
Nigel Whelan, Stuart O’Higgins and Andy Hoare will now join the expanded board of directors, and will also become shareholders in Devon Contractors.
The Devon-based business was founded in 1946 and has been responsible for a number of high-profile construction projects across the region.
This transition will ensure ownership remains in management’s hands and provides continuity and reassurance for Devon Contractors customers, employees and the supply chain. The structure will see Nigel Whelan move to the role of Managing Director, Stuart O’Higgins becoming Construction Director, Andy Hoare becoming Commercial Director, Shaun Bennington continuing in his role as Financial Director and Pete Alderson becoming a Non-Executive Director.
“We are keen to build on the solid foundation that’s been laid over recent years and are very excited about the future plans to build on the tremendous success achieved so far. It is very much business as usual for Devon Contractors and we will continue focusing on providing a quality service for our customers,” said Nigel Whelan.
“We look forward to the next chapter of the company’s development, with the right team in place to deliver on the company’s long-term growth aspirations,” added Pete Alderson.
Isca Ventures acted as the lead corporate finance advisors on the transaction, with legal support from White Jackman and Bright Solicitors.
