The Varley Group, one of Australia’s oldest engineering companies, announced Nov. 11 the launch of a U.S. subsidiary to extend the groups business within the United States.
“Varley Group has provided its customers with innovative solutions and quality designs and products for over 125 years,” The Varley Group in Australia’s CEO Jeff Phillips said. “We have a long history of doing business within the U.S. and establishing a formal presence in the states was the logical next step in continuing our success in this market. Through establishing the subsidiary, Varley is better positioned to grow that success and to provide our U.S. partners and customers a wide range of unparalleled services and products through strategic partnerships and growth through acquisitions.”
The subsidiary will be headquartered in Washington, D.C. and focus on growing its base in three key business areas that include aerospace and defense, specialized vehicles, and advanced electric motor and generator technologies. The subsidiary is also actively searching for strategic acquisitions of U.S.-based companies to further leverage Varley Group technologies and capabilities.
Matthew Hederstrom will serve as CEO of the U.S. team and manage the strategic direction and day-to-day operations. Other senior team members include SVP of Acquisitions Earl “Chief” Smith II, PhD, who will lead the team focused on identifying and securing strategic acquisitions and VP of global business development, Dan Dragoi, who is responsible for Varley USA’s sales, marketing and customer relations.
“Over the years, the Varley Group has built a substantial base of business in the U.S. through a wide range of relationships with major government contractors,” Smith said. “The company has decided to increase its commitment to the U.S. market by establishing the subsidiary, and I am proud to lead the acquisition team.”
