National engineering services provider Deritend sold to Rubix in strategic acquisition
Alinea Corporate Finance has advised the shareholders of Deritend on their sale to Rubix.
Deritend is one of the UK’s longest established and leading providers of engineering repair and replacement solutions, Deritend coverings a range of specialist product areas including electric motors, pumps, gearboxes, electronic controls and induction equipment.
"I can't recommend the Alinea team enough, both Simon and Oli have been by my side at every step of the process to ensure that value was not only enhanced but protected for myself and family thank you!" Richard Hale, Deritend CEO
Deritend’s team of over 100 engineering professionals serves more than 3,500 customers in the UK across all manufacturing sectors. In addition, the business offers specific expertise in serving the needs of the water treatment, food & beverage, energy, and automotive sectors.
Deritend’s CEO, Richard Hale commented: “Becoming a part of the Rubix family will provide us with exciting new opportunities to further build on our success. We will expand our offer to our customers to include a much broader range of engineering products and solutions, capitalising on Rubix’s market-leading position and multi-specialist value proposition. We share the Rubix focus on helping customers to optimise productivity through a consultative approach to engineering challenges and we have a key role to play in expanding these capabilities.”
Mark Dixon, CEO of Rubix in the UK said: “We are really excited by the opportunities that Deritend will bring us as we extend our offer in electro-mechanical repair services. Deritend has a highly impressive track record, a blue-chip customer base, and a world-class expert engineering team. All of this, together with the fit in terms of sectors, geography and services, make this the ideal next step in the execution of our engineering services strategy.”
Rubix is Europe’s largest supplier of industrial maintenance, repair and overhaul products and services. It was created from the merger of IPH with Brammer in 2017, following the acquisition of Brammer by Advent International.
From around 750 + locations across 22 countries, 8,500 employees help to identify, install and provide a leading range of industrial products and services to more than 20,000 customers. The business had combined sales of €2.4bn in 2020 and is a leader distributor in bearings, transmission and automation, fluid power, machining, assembly, tools and protective equipment.
Acting for the shareholders, corporate legal advice was provided by Andrew Cowan, Poppy Wilkinson and Harry Rowe from Gateley plc. Property legal advice was provided by Ben Rothery of mfg Solicitors LLP.