Helix Tool Company Limited, a Leeds-based cutting tool specialist, has been acquired by Cairngorm Capital Partners via its Fund II.
According to a company release, the acquisition advances Cairngorm Capital’s strategy to create a new national full-service Maintenance, Repair and Overhaul (MRO) distribution business.
The acquisition of Helix is Cairngorm Capital’s second in the MRO industry.
Founded by Charles and Louise Robinson in 1994, Helix is an independent cutting tools specialist offering both consultancy and supply to clients across the aerospace, automotive, medical, oil & gas and power generation sectors.
Helix will continue to operate as a separate business but opportunities to enhance the customer proposition and capitalise on synergies arising from the two businesses will be fully explored.
Mr Robinson said: “We have ambitious plans so are looking forward to working with Ian Ritchie, Mike Kerins and Cairngorm Capital to benefit from the considerable expertise that they have to offer. It heralds a new phase in Helix’s development.”
The transaction was led by Amit Thaper, Investment Director at Cairngorm Capital, who said: “Helix is the perfect addition to our MRO group – its product range, technical know-how and customer service are all exceptional.
“We are delighted to partner with MRO+ Solutions, Charles and Louise to support the next phase of Helix’s growth.”