Two Cork brothers who were based in the UK have sold their construction empire in deals worth an estimated €510m euros.
, specialising in work for major utilities in the north of England, including electricity, gas, water and telecoms. The brothers, now both in their 60s, worked hard to build a company that today employs over 3,000 staff and contractors across the UK, working for a business that earned revenues of around £300m in the financial year to April 2022.
Now their OCU Group has been bought by UK private equity group Triton Partners in a deal believed to be worth just under £400m. The brothers are also reported to have sold up on some smaller operations in other deals which have added cash to the pot.
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