Thursday 17 October 2019

Enet reels in former Eir heavy hitter to its board

Former Eir executive Jon Florsheim
Former Eir executive Jon Florsheim
Samantha McCaughren

Samantha McCaughren

It looks like telecommunications company Enet is gearing up for the National Broadband Plan with the interesting appointment to the board of a former key Eir executive. The company, led by US businessman David McCourt, has appointed Jon Florsheim as a non-executive director of Enet.

It's a canny move by the presumptive winner of the huge Government plan to bring broadband to rural Ireland. Florsheim was most recently chief commercial officer at Eir, stepping down after three years in March 2017 to return to the UK. His departure was one of a number of high-profile departures from the senior ranks of a company now led by Carolan Lennon.

Florsheim has more than 25 years' experience in telecoms and media and is a senior adviser for AMP Capital and serves as chairman of GoMedia, Europe's leading on-board infotainment provider, focussing on communications infrastructure. Previously he was chief executive of European pay TV operator M7 and also spent 13 years at British Sky Broadcasting, where he was chief marketing officer.

Enet is trying to negotiate access to Eir's extensive rural network of poles and ducts to allow it to erect its new broadband network in the most inexpensive way possible. Florsheim's intimate knowledge of Eir will undoubtedly be a huge asset.

Prosperous merger of firms in Kildare accounting world

Interesting to note the merger between two of Kildare's best-known accountancy firms. Leading audit, tax and consulting firm O'Kelly Sutton has merged with Allen Morrissey & Co, an accountancy and tax practice based in the no-doubt aptly named Prosperous, Co Kildare. The merged firm will trade as O'Kelly Sutton from Kildare Town and it will add approximately 170 additional clients to O'Kelly Sutton's portfolio.

A former small accountancy practice of the year in 2016, O'Kelly Sutton has previously done strategy planning for the GAA and Bord na Mona.

"This new chapter is the latest part of a growth strategy as the firm continues to combine talent and resources to address the needs of our increasingly diverse client base," Pat Sutton, managing partner of O'Kelly Sutton, said. "We are very much SME and family business focused. We've had many high potential startups come to us for the commercial experience we bring to the table."

Big Bus business has Irish tourism firmly in its sights

With the tourism business flying, international investors are coming to our shores to see if they can get a slice of the action. One recent deal to get clearance from the Competition and Consumer Protection Commission (CCPC) was the sale of Irish City Tours, owned by the McConn family, to 'hop-on, hop off' operator Big Bus Tours.

Big Bus Tours will be well known to travellers fond of the occasional city break, operating as it does in 19 cities including London, Dubai and New York. It is owned by private equity firm Exponent. The detailed report on the deal from the CCPC shows how many of its companies have Irish links. As well as the Racing Post, the company's portfolio includes HSS Hire, which has extensive operations in Ireland, and it recently acquired ex-DCC business Enva Group. It also owns a sight-seeing card pass business in Dublin, giving the firm another bite of the tourism pie.


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