Jones Engineering to be sold for 'hundreds of millions' as Kinsella chooses Texas firm   

The Irish firm will be bought by Cathexis, which was recently reported to have invested in the Irish mechanical and electrical engineering contractor Leo Lynch

Eric and Barbara Kinsella: Mr Kinsella is chairman of Jones Engineering and the company's largest shareholder.

Jones Engineering will be bought by Texas-based investment firm Cathexis for hundreds of millions of euro it is understood.

Jones Engineering — which is a mechanical, electrical and fire protection contractor and also builds data centres — employs nearly 5,000 people and is looking to hire more staff after the acquisition is completed.