Thursday 14 December 2017

Father and son Michael and Brian Enright turned Walsh Western, a small west of Ireland trucking firm, into Syncreon, a global firm describing itself as a specialised contract logistics firm whose customers include the biggest companies in the world (if you've ever ordered something from the Apple store online, it might say Syncreon somewhere on the package). Private equity firms Centerbridge and GenX360 now own the majority of the company, and refinancing deals led to more than 395m in dividends being paid out in recent years.

An 850m deal to sell the company didn't work out in 2013 and more recently Moody's has been raising an eyebrow at the amount of debt the firm is carrying — over 650m last year.

Brian is now based in Michigan in the US, while Michael, who is on the board of up-and-coming renewable energy firm AirSynergy, lives in Cork.

Online Editors

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business