Stellex Capital Management Acquires David Brown Santasalo from N4 Partners

Stellex Capital Management Acquires Fox Brothers Holdings Group

September 20, 2024

Industrial Services

An affiliate of Stellex Capital Management has acquired a majority stake in UK-based Fox Brothers Holdings Group, a family-run integrated services and construction materials provider. The deal will merge Fox Brothers with J A Jackson, retain Paul Fox as CEO, bring industry veterans Mark Joel and Andy Swinnerton into senior roles, and aims to expand and vertically integrate the business into a circular-economy construction materials platform.

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 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.

Blue Sage Capital Acquires Baker Manufacturing Company (Stellus Provides Financing)

July 12, 2022

Manufacturing

Blue Sage Capital has completed an acquisition of Baker Manufacturing Company, a nearly 150-year-old Evansville, Wisconsin-based manufacturer of water well equipment, pumps and iron castings. Stellus Capital Management provided senior/unitranche debt financing and an equity co-investment to support Blue Sage's buyout; Blue Sage will partner with Baker management to expand geographies, pursue strategic acquisitions and invest in product development.

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.

Stellus Capital Leads Growth Investment in Elmdale Partners

September 21, 2021

Real Estate

Stellus Capital Management led a strategic growth capital investment in Elmdale Partners, with participation from LBC Small Cap SBIC and Jones Capital. The funding will support Elmdale’s geographic expansion, M&A activity, technology upgrades for its network of independent agents, and refinancing of existing debt.