Stratford-upon-Avon based Fx Dynamics, a specialist M&A advisory business, has advised on the successful acquisition of hazardous area enclosures business IndEx Enclosures Ltd by investment company Kent Business Investors for an undisclosed sum.
The company’s portfolio, customisation capability and strong service offering have enabled it to establish a high degree of brand recognition and reputation within the sectors it operates in (energy, chemical processing, food, pharma and rail). The company, founded by Richard Gipp in 2010, currently serves around 220 active clients, mainly in the UK.
Rob Whorrod, handling the project for Fx Dynamics, said: “We received multiple offers for Index but KBI was selected as the best fit against the owners’ requirements. We wish all parties the very best of luck in their future endeavours.”
Alex Pawle, director of Kent Business Investors Limited, added: “IndEx Enclosures struck us as a highly specialised manufacturer with its own niche product range, very skilled staff and strong customer relationships. We look forward to preserving the company founder’s legacy and building on his philosophy of continuous improvement and manufacturing excellence, led by Goldratt’s Theory of Constraints, of which Stephane and I are keen students.”