HAZARDOUS AREA
M&A Advice Boxes off Sale of Hazardous Area Enclosure Specialist
Fx Dynamics, the Stratford upon Avon-based specialist M&A advisory business, has played a crucial role in the sale of hazardous area enclosures business, IndEx Enclosures Ltd, to investment company, Kent Business Investors (KBI) Ltd.
Founded by Richard Gipp in 2010, IndEx Enclosures Ltd have developed a high degree of brand recognition and a first class reputation for the design and manufacture of hazardous area control, instrumentation and connection products at their Ashford facility. The company have established a global reputation for customisation and service within the energy, chemical processing, food, pharma and rail sectors with a client base of over 200 active companies.
Rob Whorrod, Director of Fx Dynamics, commented, “The core of our M&A advisory service is to not only understand the business we’re selling in fine detail in order to maximise value for the owners, but also to find the right buyers where there is optimum potential synergy and then work with both parties throughout the transaction to achieve a successful outcome for everyone. We immediately understood the potential of IndEx to the right investor, citing their reputation for high-quality products with the potential for rapid growth as a significant opportunity for an organisation interested in obtaining a foothold in their niche hazardous area markets.”
“Although we received multiple offers for IndEx, we selected KBI as the best fit against the owners’ requirements and wish all parties the very best of luck in their future endeavours.”
Alex Pawle, Director of Kent Business Investors Ltd, commented, “IndEx Enclosures is as a highly specialised
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www.sosmagazine.biz June 2021 Typical IndEx
Enclosures Industrial Control Cabinet
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.”
Richard Gipp, Founder of IndEx Enclosures Ltd, added, “I am very happy to have reached a win-win done deal with KBI for their investment in my company. Throughout the process, they were attentive to us reaching an arrangement through which both parties could benefit equally. I now look forward to seeing the company I founded grow and prosper over the long term.”
All employees are expected to remain with the company.
IndEx Enclosures Circuit Cabinets
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