(“Stellex”), a middle-market private equity firm with extensive experience in industrial businesses and family successions, today announced a new platform investment in Bryden Capital Limited (“BCL”) and MPL Group Limited (“MPL”), together the MSS Group (“MSS” or the “Company”), a leading supplier and manufacturer of critical electronic components, focused on the global power industry. The financial terms of the transaction were not disclosed. This is Stellex’s second acquisition in Europe in 2023.
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.
“I’m thrilled to partner with Stellex as it leverages the strong platform we have built at MSS and takes advantage of the positive tailwinds in our key end markets. We have carefully built a strong culture of collaboration with customers, focused on industry-leading delivery and quality. We now believe the Company is ready to grow to the next level,” commented Brian Hall. “We plan to create value for both MSS’ customers and employees and to become an even more valuable manufacturing partner.”
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