Investment date:
Fox Innovation & Technologies (“Fox”) is a technology-led aftermarket services provider for rotating equipment in the industrial energy sector, with a core focus on compressor revamp engineering, delivering superior performance, shorter cycle times, cost and CO2 savings than the OEMs.
The business has an industry leading executive team that led the largest public company in the rotating equipment space (Dresser Rand) for c. 15 years, realizing a 13.5x MOIC for shareholders.
Its innovative revamp offering is complemented by a full suite of aftermarket services, including field services, parts and repairs, industrial storage, communications and control systems — serving steam turbines, pumps, gearboxes and integrally-geared centrifugal compressors.
The Fox platform was launched in 2023 and we have scaled the business by adding strategic / complimentary business lines through M&A.