DynaVenture

DynaVenture Corp.
Portfolio Company
Predecessor DynaVest Corp.
Founded 1949
Founder Harold N. Eidem
Headquarters Saskatoon, Saskatchewan, Canada
Area served
 North America, South America Caribbean
Key people
 Brian Eidem CEO, Earl Eidem Vice President
Number of employees
 175
Website www.dynaventure.com

DynaVenture Corp. was formed in 2000 by second generation family members Brian and Earl Eidem and Jo-Ann Thompson.[1] Founding father Harold Eidem started the 60 year dynasty in 1948 in his Vancouver home with his first business Bearing and Transmission Supply (B&T).[2] In 1973 Harold Eidem set up B&T Holdings Ltd to provide centralized services and act as the parent company to all of their business’ locations.[3] In 1976, Harold Eidem died and the ownership of the company was transferred to his sons Brian and Earl Eidem and daughter Jo-Ann Thompson. In 1981, B&T Holdings changed its name to DynaVest Corp. to better indicate the new direction of the companies. In 2000, the Eidem family sold three major components of their holdings to Applied Industrial Technologies. [4] That same year the company would again change names, DynaVest became DynaVenture and the Eidem family have since increased their holdings in technology and engineering companies.[1]

History

At the end of World War II in February 1948, Harold Eidem left a job at a bearing company to start Bearing and Transmission Supply out of his home in Vancouver British Columbia.[2] One of Harold’s first inventory purchases, from the U.S. Navy, was impounded at the Canadian/US border due to an $1800 Canadian customs bill. [3] Having spent all of his savings on the inventory, Harold turned to his long-time friend Norman Hnatuk living in Saskatoon, Saskatchewan to pay the duty. Norman got the inventory out of the bond and became a partner in the Bearing and Transmission enterprise.[3]


In November 1948 Norman Hnatuk officially joined Harold in Vancouver and one year later opened a second location in Saskatoon Saskatchewan.[3] In 1950 the B&T Vancouver location was sold to Norman’s brother Bill Hnatuk. Harold then joined Norm in Saskatoon where the two grew the company within Saskatchewan. The company has since expanded to have locations throughout North America.[3]

Growth and acquisitions

1950s

1960s

1970s

1980s

1990s

2000s

DynaVenture group of companies

DynaVenture Corp. is the corporate support centre of a network of independent technology and engineering based companies serving customers in North America, South America and the Caribbean.

ChoiceTel Networks designs, supplies, installs, and services telecommunications systems. [7]

DMax Distributors distribute and support high tech industrial products to customers in Latin America.[8]

DynaIndustrial focuses on Engineering, Custom Machining, CNC Milling & Turning, Industrial Hard Chroming, Hydraulic Cylinder Rebuilding & Manufacturing, and Custom Welding & Fabrication.[9]

Fluid Clarification is a supplier of separation technologies and process filtration systems primarily for the oil and gas industry in Western Canada.[10]

Precision Hydrojet provides water jet and laser cutting services.[11]

Tackpoint Ltd. custom engineers and manufactures specialized bearings using patented technology.[12]

QA Technologies is a telematics company providing fleet monitoring systems to businesses in the transportation industry.[13]

References

  1. 1 2 3 Saskatchewan Gazette (September 15, 2000). The Saskatchewan Gazette. Vol 96, 22. Retrieved November 26, 2010, from http://www.qp.gov.sk.ca/documents/gazette/part1/2000/g1200037.pdf
  2. 1 2 3 4 5 6 7 8 Roebuck, B. (December, 1992). Bearing & Transmission Ltd. Gets Nod for PT Distributor of Year Award. Machinery and Equipment MRO, 9.
  3. 1 2 3 4 5 6 7 8 9 10 McConnell, G.A. (1983). Saskatoon Hub City of the West. Canada: Windsor Publications Ltd.
  4. 1 2 Company News; Applied Industrial Technologies Enters Canadian Deal. (January 8, 2000). The New York Times. Retrieved November 26, 2010, from http://www.nytimes.com/2000/01/08/business/company-news-applied-industrial-technologies-enters-canadian-deal.html
  5. 1 2 3 4 5 6 7 8 9 10 11 12 Bearing and Transmission. (n.d). Retrieved November 25, 2010, from Bearing and Transmission website: http://www.bandt.com/corporate/history.asp
  6. 1 2 3 4 5 6 7 8 9 10 HyPOWER Systems. (n.d). Retrieved November 27, 2010, from HyPOWER Systems website: http://www.hypower.com/history.htm
  7. ↑ Choicetel Networks. (n.d). Retrieved November 25, 2010, from Choicetel website: http://www.choicetelnetworks.com/
  8. ↑ DMax Distributors. (n.d). Retrieved November 25, 2010, from DMax Distributors website: // http://www.dmaxdistributors.com/
  9. ↑ DynaIndustrial. (n.d). Retrieved November 25, 2010, from DynaIndustrial website: // http://www.dynaindustrial.com/
  10. ↑ Fluid Clarification. (n.d). Retrieved November 25, 2010, from Fluid Clarification website: // http://www.fluidclarification.com/
  11. ↑ Precision Hydrojet. (n.d). Retrieved November 25, 2010, from Precision Hydrojet website: // http://www.precisionhydrojet.com/
  12. ↑ Tackpoint Ltd.. (n.d). Retrieved April 2nd, 2014, from Tackpoint Ltd website: // http://www.tackpoint.com/
  13. ↑ QA Technologies. (n.d). Retrieved November 25, 2010, from QA Technologies website: // http://www.qatechnologies.com/

External links

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