Led By Lloyd Trotter And Ronald Blaylock, Gennx360 Capital Partners Has Married Financial Acumen With Managerial Prowess To Become A Force In Private Equity
AUBURN HILLS, MICHIGAN-BASED SYNCREON REPRESENTS one of the most impactful companies that you’ve never heard of. Managing the supply chain needs for corporate leviathans such as General Motors, Dell Computers, and Apple Inc., to name but a few, this global logistics company with 98 facilities in 20 countries plays a significant role in driving the automotive and tech sectors. And ensuring Syncreon maximizes its value is none other than its owner: GenNx360 Capital Partners, one of the nation’s largest black-owned private equity firms.
The principals of GenNx360, led by Lloyd Trotter, the unflappable, adroit former GE executive, and Ron Blaylock, the ambitious, ultracompetitive investment banker, understood the company’s worth nearly a decade ago when it became an early acquisition of the firm. Syncreon perfectly fit GenNx360’s buyout model: a well-run, undervalued, family-owned business services company. It was owned by Michael and Brian Enright, who had merged their Dublin, Ireland-based trucking company with a Michigan-based logistics firm to form Syncreon in 2007. After several rounds of negotiations with the Enrights, GenNx360 eventually acquired a 70% majority stake for a total of $300 million.
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Denne historien er fra May/June 2018-utgaven av Black Enterprise.
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