Kenny-Whelan sold for €7.5m

CORK recruitment company Kenny-Whelan Associates has been sold to the Newcourt Group in a deal worth up to €7.5 million.

The owners of Kenny- Whelan, Bridget Lyons and Tom Whelan, will get an upfront payment of almost €2.5m, with €5m being paid if the company meets certain financial targets over the next two years.

The firm employs four people and has been in business since 1989. It specialises in recruitment of contract staff for the pharmaceutical and engineering sectors.