Dyno-Rod hires Bell Pottinger

The management buy-in team for drain cleaning company Dyno-Rod has drafted in Bell Pottinger Corporate and Financial as it prepares for an accelerated initial public offering.

Dyno Group, which will comprise Dyno-Rod and several subsidiaries, will be formed when founder Jim Zockroll sells to the MBI team for £60.5m and floats on AIM by the end of August.

BP-C&F director Ann-marie Wilkinson will lead the account. Dyno Group will be led by former British Gas home services director Kevin Mahoney. The group has a network of 167 franchises that generated revenues last year of £12m.

The accelerated IPO option has become increasingly popular since Collins Stewart pioneered the approach with Northumbrian Water in 2003.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.