Funding Story:

ThinCats is pleased to announce that it has completed a £10M funding facility to support the acquisition of Hydram Engineering Ltd (Hydram) by Dynamic Aerospace and Defence Ltd (Dynamic), including an injection of working capital to fuel further growth.

Dynamic (www.dynamicindustrial.com) is a privately-owned business with its main headquarters in Michigan, USA. Hydram is Dynamic’s first acquisition outside the U.S., joining the group’s existing portfolio of companies – Gem City, Dynamic Metals and Dexter Stamping – all based in the mid-west and having an established reputation, specialising in supplying precision metal components for the aerospace, defence, automotive and rail sectors.

Hydram is a leading supplier of sheet metal components, assemblies and light fabrications to customers throughout the UK. The company provides the full range of subcontract engineering services and supplies components and sheet metal fabrications to market-leading companies in sectors such as rail rolling stock, bus manufacture, electrical & electronic products, lighting, defence and earthmoving machinery.

Don Nystrom, the President of the Dynamic Group said: “The acquisition of Hydram provides a strong platform for expansion into the UK and wider European market. ThinCats worked hard to understand both businesses and showed total commitment to conclude this transaction at pace.”

Dave Sherrington, London & South East Business Development at ThinCats, said: “We are delighted to have supported Dynamic’s acquisition of Hydram with a substantial facility. It was a pleasure to work with all of the parties involved in this transaction, including the management teams of both businesses. There are striking synergies between Dynamic and Hydram and we are excited about the new opportunities that this acquisition will bring.”

The acquisition of Hydram provides a strong platform for expansion into the UK and wider European market. ThinCats worked hard to understand both businesses and showed total commitment to conclude this transaction at pace

Don Nystrom, President of Dynamic Group