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  5. Stellex Capital Management Acquires Fox Group

M&A Deal Summary

Stellex Capital Management Acquires Fox Group

On September 20, 2024, private equity firm Stellex Capital Management acquired business services company Fox Group

Acquisition Highlights
  • This is Stellex Capital Management’s 2nd transaction in the Business Services sector.
  • This is Stellex Capital Management’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-09-20
Target Fox Group
Sector Business Services
Buyer(s) Stellex Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Grant Thornton Transaction Advisory (Financial)
Hill Dickinson (Legal)

Target

Fox Group

Lancashire, United Kingdom
Fox Group providing services to the construction and infrastructure industry across the UK, including muck-away, haulage of aggregates, production of recycled aggregates, waste recycling, quarry operations, and ready-mix concrete production. Fox Group was founded in 1932 and is based in Lancashire, United Kingdom.

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Buyer(S) 1

Buyer

Stellex Capital Management

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.

DEAL STATS #
Overall 32 of 34
Sector (Business Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 8
Country (United Kingdom) 4 of 4
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 McConway & Torley

Pittsburgh, Pennsylvania, United States

McConway & Torley manufactures cast, forged, and machined products for rail and industrial customers across its three facilities. McConway & Torley was formed in 1869 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 ICS Holding

Houston, Texas, United States

ICS Holding provides a comprehensive suite of mission-critical electrical solutions to support customers’ operations and ensure reliability across their sites. The Company’s service capabilities include design solutions, industrial installations, and in-plant service, maintenance, and repairs. ICS Holding was founded in 2018 and is based in Houston, Texas.

Buy -
Mergr

Product

Company

Legal