Michael (66) and Brian (43) Enright have turned a west of Ireland trucking company into a global logistics empire in little over a decade.
In 2007 their firm Walsh Western merged with TDI Logistics to create Syncreon. US private equity player GenX360 bought a majority stake in the business after a series of funding rounds. Centerbridge has also invested.
The group now has around 12,000 employees and operations in 25 countries, supplying the likes of Harley Davidson and the auto industry with parts. They have taken plenty of cash off the table as debt was refinanced.
Close to €395m in dividends has been paid out in the last three years. In 2013, the Enrights were close to a $1bn sale but it fell through. An IPO or trade sale in 2015 is likely. Michael Enright was a big investor during the property boom and helped fund Millennium Park in Naas. Apart from a castle in Fermoy, the Cork man owns a number of race horses.