Stellex Capital Management, a New York-based middle-market private equity firm with experience in industrial businesses and family successions, acquired Bryden Capital Limited and MPL Group Limited, together MSS Group, a Manchester, UK-based supplier and manufacturer of critical electronic components, focused on the global power industry.
The amount of the deal was not disclosed. As part of the transaction, Brian Hall, MSS’ founder, and Liam Hall, MPL’s key shareholder, will reinvest in the company alongside Stellex. The current management team, including Chris Hall, Managing Director of BCL, and Liam Hall, Managing Director of MPL, will continue to lead the delivery of MSS’ growth initiatives by leveraging its existing joint capabilities. To further support Management, Stellex has introduced Hamdi Conger to the role of Chairman. Mr. Conger is a seasoned executive, with previous senior experiences at companies such as Alstom and Tractel.
Founded in 1973, MSS Group is a provider of design, engineering, manufacturing, and distribution services to the global power industry. Its core sectors are Electric Transmission and Distribution, Power Storage, and High Current DC Power Systems. The product portfolio includes electrical connectors, battery cell components, electromechanical assemblies, and bespoke designed DC busbar systems.
MSS Group is serving a variety of Tier 1 and OEM customers with operations in the United Kingdom, India, and Poland.
FinSMEs
06/06/2023