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.

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