Fox Innovation & Technologies Acquires Cotter Holdings Group

August 6, 2024

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.

Buyers
Fox Innovation & Technologies, Bluewater
Targets
Cotter Holdings Group, S.T. Cotter Turbine Services, Axis Mechanical Group, Axis Industrial Repair
Platforms
Fox Innovation & Technologies
Location
Minnesota, United States
Transaction Type
Addon

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