Fox’s core focus is compressor revamp engineering — delivering superior performance, shorter cycle times, and cost and CO₂ savings versus the OEMs.
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 a broad range of rotating equipment across critical industrial applications.
Approx. Revenue
$150m
Employees
~450
Countries
40
Bolt-on acquisitions
4
Why we invested
01
Proprietary, best-in-class revamp technology and a holistic aftermarket platform.
02
Recurring, high-margin aftermarket revenues driven by installed-base servicing, upgrades and long equipment lifecycles, supported by favourable tailwinds (ageing equipment, rising reliability requirements, and OEMs prioritising new-equipment sales).
03
Attractive financial profile with an asset-light operating model and strong cash generation.
04
Industry-leading executive team that led the largest public company in the rotating-equipment space (Dresser-Rand) for c. 15 years.
Buy-and-build
Acquisitions completed under Bluewater ownership, building Authentix into an integrated global authentication and supply-chain integrity platform.