Endless LLP, a Yorkshire-based (UK) buyout and turnaround fund, has backed a management buyout of the heavy engineering business DavyMarkham. The investment will underpin the company’s turnaround and enable DavyMarkham to re-establish itself as a world-leading brand in the heavy engineering market.

DavyMarkham has a long and proud history in the design, manufacture, fabrication and machining of heavy and complex engineering components and assemblies – such as the hoists for LaRonde gold mine in Canada (IM June 2007). Its vast workshops, situated in the industrial heartland of Sheffield, UK, offer facilities that are unique in Western Europe, in terms of capacity and capabilities. DavyMarkham can handle extremely large turnkey projects, using expertise in hydraulics, controls, engineering, installation and servicing, and has the capability of moving individual structures weighing up to 350 t.

Kevin Parkin, Managing Director: “DavyMarkham has been through a significant turnaround over the last 18 months and we have been supported all the way by our skilled and dedicated workforce. The investment and strategic support from Endless will allow the business to grow from strength to strength. This is great news for both the employees of Davy Markham and South Yorkshire in general.”