Helix Completes Double Acquisition to Expand Tooling Business
Deal News | Jan 17, 2025 | NVM Private Equity
Helix Tool Company, backed by NVM Private Equity, has executed a strategic double acquisition of Floyd Automatic Tooling and Nsert. These acquisitions fit into Helix's growth strategy to consolidate the industrial tooling distribution market. Floyd Automatic, located in Hertfordshire, is a specialist distributor of tools for the sliding head CNC market with technical expertise and exclusive partnerships. Nsert, based in the North East of England, is known for its cutting tools and industrial consumables, serving large regional customers with a strong emphasis on customer service. The integration of these firms with Helix allows for an expanded product range and greater value offering to clients in sectors such as precision engineering, automotive, aerospace, and medical. Helix's CEO, Matt Cattell, and NVM's Investment Partner, Charlie Pidgeon, both expressed optimism about the growth potential from this move. Helix plans further acquisitions with ample funding supported by NVM.
Sectors
- Industrial Tooling
- Private Equity
Geography
- United Kingdom – The acquisitions involve companies based in different parts of the UK, emphasizing geographic consolidation within the country.
Industry
- Industrial Tooling – Helix Tool Company is focused on industrial tooling through its acquisition of Floyd Automatic Tooling and Nsert, indicating its presence in this sector.
- Private Equity – NVM Private Equity's involvement in funding Helix's acquisitions underscores the role of private equity in supporting market consolidation strategies.
Financials
- Undisclosed – The financial terms of the acquisitions were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Helix Tool Company | Target | Company | A Leeds-based company in the industrial tooling distribution market. |
| NVM Private Equity | Buyer | Company | A private equity firm that backs Helix Tool Company's acquisitions. |
| Floyd Automatic Tooling | Selling Company | Company | A Hertfordshire-based specialist distributor in the sliding head CNC market. |
| Nsert | Selling Company | Company | A supplier of cutting tools and consumables in the North East of England. |
| Matt Cattell | CEO | Person | CEO of Helix Tools holding company, MRO+ Solutions. |
| Charlie Pidgeon | Investment Partner | Person | Investment Partner at NVM Private Equity. |