Stellex Capital Management Acquires Fox Brothers Holdings Group

Stellex Capital Management Acquires MSS Group

June 5, 2023

Manufacturing

Stellex Capital Management has made a platform investment to acquire Bryden Capital Limited and MPL Group Limited, together operating as the MSS Group, a Manchester-based designer, manufacturer and distributor of critical electronic components for the global power industry. The founders and key shareholders (Brian Hall and Liam Hall) will reinvest and the existing management team will remain to drive organic and inorganic growth and international expansion.

Stellex Capital Continuation Vehicle Acquires Interests in Fenix Parts

April 10, 2024

Automotive

Stellex Capital Management closed a single-asset continuation vehicle that acquired interests in Fenix Parts, providing follow-on capital to support organic growth and the company’s add-on M&A pipeline. Concurrently, Fenix refinanced its debt with TCW Private Credit Group as lead lender; Evercore served as financial advisor and Kirkland & Ellis and Greenberg Traurig as legal counsel.

Stellex Capital Management Acquires David Brown Santasalo from N4 Partners

March 8, 2023

Manufacturing

Stellex Capital Management LLC has completed the acquisition of global gear systems specialist David Brown Santasalo (DBS) from private equity firm N4 Partners. DBS is headquartered in Lockwood, Huddersfield, United Kingdom, operates 26 locations across six continents, and employs more than 1,100 people; financial terms were not disclosed.

Stellex Capital Management Acquires Crest Ultrasonics

October 3, 2025

Manufacturing

Stellex Capital Management, a New York-based private equity firm, has acquired Crest Ultrasonics, a global manufacturer of ultrasonic cleaning and welding equipment with operations in the United States, Europe and Asia. Stellex said it will partner with Crest's management to drive operational improvements, accelerate growth initiatives and expand the company's global footprint; terms were not disclosed.

Stellex Capital Management Acquires Industrial Construction Services Holding (ICS)

January 15, 2025

Industrial Services

Stellex Capital Management, a New York-based middle-market private equity firm, has completed the acquisition of Industrial Construction Services Holding (ICS), a provider of mission-critical electrical and instrumentation services. Stellex plans to partner with ICS management to invest in organic growth and pursue strategic add-on acquisitions to expand the company’s service capabilities and geographic footprint across the United States.

Fox Innovation & Technologies Acquires Cotter Holdings Group

August 6, 2024

Industrial Services

Fox Innovation & Technologies (a PE-backed platform backed by Bluewater) has acquired Cotter Holdings Group, including S.T. Cotter Turbine Services, Axis Mechanical Group and Axis Industrial Repair, to add field project execution capabilities to its turbomachinery platform. The deal brings the combined Fox platform to over $100 million in proforma LTM revenue and adds ~500 peak-capacity field personnel to expand service coverage across the United States; terms were not disclosed.