24 September, 2020

Management buyout at Pearson Hydraulics

19 February, 2016

More than 35 jobs have been secured as the management team at Lincoln-based Pearson Hydraulics successfully purchased the company.

Directors Rick Dring, Ian Smith and Paul Rushby, who have been in the management team for 11 years and have well over 100 years collective experience in the industry, completed the buyout of the 50-year-old firm for an undisclosed sum.

Broad offering

The business offers local national and international customers a range of hydraulic products and services from simple components to the full design manufacture, installation and commissioning of complete electro hydraulic projects.

It has a client base across the agricultural, offshore, mobile and industrial sectors, and supplies products by manufacturers such as Danfoss, Turolla, OMT, Luen, Intertraco, and Comatrol.

Personnel expansion

The company currently employs 36 people across both its Lincoln and Grantham sites, and is looking to add to its workforce both in technical and sales roles to keep up a pace with growth across a variety of sectors. There are also plans in place to launch a new ecommerce website in the coming months.

Rick Dring, managing director, commented: “Despite the change in ownership its very much business as usual the company philosophy remains the same today as always, to provide quality products and services at competitive prices and on time.”

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