Dyer Engineering doubled its workforce and grown revenues to £18 million with Maven investment скачать в хорошем качестве

Dyer Engineering doubled its workforce and grown revenues to £18 million with Maven investment

Dyer Engineering was established in 1977 by John Dyer and his son Paul who set up a small reputable engineering business making pipe fittings, mould tools and servicing the local mining industry. Fast forward 36 years to Graeme Parkins and Richard Bradley, part of the senior management team, undertook an MBO of Dyer Engineering in 2013, enabling the next generation of management to acquire a stake in the business they helped run following the decision by Paul Dyer to retire Following a period of strong growth in the intervening years, Maven backed the business in 2019, bringing to the fore capital and strategic expertise to help drive growth and value creation. Since then the business has almost doubled its workforce and has grown revenue to £18 million. Dyer is now the largest independent engineering business in County Durham specialising in the machining and fabrication of complex metalwork and components for the rail, marine, power, automotive and offshore sectors. In this video, Richard Bradley, Managing Director of Dyer, and Michael Vassallo, Investment Director at Maven, talk about their collaborative approach throughout the investment which has helped transition the business into a larger and more valuable entity. Building a strong and collaborative working relationship has helped Dyer achieve many of its growth objectives as well as providing a stable platform for driving the business forward to meet its next commercial milestones. #entrepreneur #investment #finance #business #BusinessGrowth #management #GrowthCapital #investor #CaseStudy #engineering #culture #uk #machining #metalwork #growthstrategies