Irish founders cash in as logistics group Syncreon sells for $1.2bn
After the takeover by Dubai-based DP World, Brian Enright will continue to lead the business his father grew from a Galway haulage firm
Brian Enright and his family have cashed in their minority stake in Syncreon, the global transport and logistics group they built up over decades, as part of a $1.2 billion sale of the business.
Dubai-based DP World is acquiring 100 per cent of Syncreon and Enright will continue to lead the business after the sale is complete.
“The management team have agreed to stay on, that was pretty important,” Enright told the Business Post last ...