Dyer Engineering Sets Sights on Growth with Maven’s £1.625m Investment
Deal News | Aug 19, 2025 | Maven Capital Partners
Dyer Engineering has announced the establishment of the SST Group following a £1.625 million investment from NPIF II - Maven Equity Finance, with Maven Capital Partners overseeing the strategy. The newly formed SST Group, led by Dyer's directors under the leadership of CEO Richard Bradley, aims to consolidate regional engineering firms that are aligned in their focus on innovation, technology, and sustainability. This investment aims to fuel further growth, with the group having already acquired Q-Laser, a North East precision engineering firm. Additionally, the funds will help SST Group pursue its long-term growth objectives, including a significant expansion of its workforce and strengthening international collaborations. The inclusion of Q-Laser is expected to bolster regional engineering capabilities, enhancing overall service provisions. Bradley emphasizes that the SST Group's ethos, 'Smarter Stronger Together', will guide its operations and cultural development. Maven Capital had originally backed Dyer Engineering in 2019, providing capital and strategic expertise to enhance company growth, an effort that appears to be succeeding with the establishment of the SST Group.
Sectors
- Private Equity
- Manufacturing and Engineering
- Investment Management
Geography
- United Kingdom – Dyer Engineering and the newly formed SST Group are based in the UK, with Maven Capital Partners also operating within the UK context.
- North East England – The article primarily focuses on developments in North East England, where both Dyer Engineering and Q-Laser operate, and the funding from NPIF II is directed.
Industry
- Private Equity – The involvement of Maven Capital Partners and their investment in Dyer Engineering for establishing SST Group classifies this as a Private Equity activity.
- Manufacturing and Engineering – Dyer Engineering's operations are within the manufacturing and engineering sector, and the creation of SST Group aims to consolidate regional engineering firms specializing in similar services.
- Investment Management – The investment activities through NPIF II - Maven Equity Finance and Finance Durham Fund indicate significant investment management operations.
Financials
- £1.625 million – The investment amount provided by NPIF II - Maven Equity Finance to Dyer Engineering to create SST Group.
- £3.3 million – Turnover of Q-Laser, the precision engineering company acquired by SST Group.
- £5 million – The maximum investment amount NPIF II - Maven Equity Finance can provide to support businesses.
- £2 million – Profit generated by Dyer Engineering in 2024 on a turnover exceeding £17 million.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dyer Engineering | Target Company | Company | Dyer Engineering is a manufacturing company focusing on growth through strategic acquisitions, notably establishing the new SST Group. |
| Maven Capital Partners | Investment Company | Company | Maven Capital Partners manages the investment fund NPIF II - Maven Equity Finance, which contributed £1.625 million to Dyer Engineering. |
| SST Group | Acquiring Company | Company | SST Group is a newly created entity by Dyer Engineering, focusing on regional consolidation and expansion within the engineering sector. |
| Q-Laser | Acquired Company | Company | Q-Laser is a specialist precision engineering firm recently acquired by SST Group to expand its capabilities. |
| Northern Powerhouse Investment Fund II (NPIF II) | Investor | Investment Fund | NPIF II is a fund managed by Maven Capital Partners, supporting regional economic growth through investments. |
| Finance Durham Fund | Supporting Fund | Investment Fund | The Finance Durham Fund supports economic growth initiatives across County Durham, collaborating with Maven Capital Partners. |
| Richard Bradley | Chief Executive | Person | Richard Bradley leads SST Group and was named in the 2025 The Manufacturer Top 100 leaders and innovators in UK manufacturing. |
| Adam Leggett | Chief Operating Officer | Person | Adam Leggett is the COO of SST Group who also sits on its board and contributes to its strategic growth. |