Story by: Mike Pare | Photography by John Rawlston
Mike Dunn says Sherman & Reilly has so revolutionized its newest products that it’s like “sitting in your den and running a major piece of equipment.” “It’s a huge leap in the technology,” Dunn says. “Nobody in North America has anything like this.”
The new owners of the Chattanooga-based maker of
power line installation and maintenance equipment have high hopes for their latest invention. Dunn and a partner bought the 86-year-old company three years ago from its longtime owners. They modernized its organization and systems to drive innovation and product development. So far, so good, says Dunn, who was formerly involved in private equity groups in Atlanta. Revenues were up about 40 percent last year, coming in at around $30 million. Plans are to boost that figure by $15 million to $20 million this year...