Stellex Capital Management’s acquisition of Fox Brothers Holdings Group marks a strategic shift for the company.
- The acquisition aims to evolve Fox Brothers from haulage origins into a circular economy construction materials provider.
- Experienced industry figures Mark Joel and Andy Swinnerton join the management team to steer this transition.
- Former owner Paul Fox retains leadership, continuing a family legacy spanning generations dating back to 1932.
- The merger with JA Jackson reflects a focus on sustainable, integrated construction solutions.
Stellex Capital Management’s acquisition of Fox Brothers Holdings Group marks a significant step in transforming the company’s strategic direction. This move is designed to shift Fox Brothers from its traditional haulage and earthmoving roots towards becoming a fully integrated, circular economy construction materials solutions business. The acquisition highlights a commitment to sustainability and modernisation within the construction industry.
The addition of Mark Joel, former managing director of Lafarge Tarmac, as company chair, and Andy Swinnerton, former managing director of Aggregate Industries, as chief operating officer, underscores the ambitious nature of this transition. Their industry expertise is expected to facilitate the shift towards a more comprehensive construction materials business.
Paul Fox, the former owner, remains in a leadership role as chief executive, keeping the business within the family that has steered it since 1932. This continuity ensures the preservation of the company’s longstanding values while adapting to new market demands. Fox Brothers has grown substantially from 2020 to 2023, increasing its turnover through strategic acquisitions and savvy business practices.
The company’s acquisitions, including Clive Hurt Plant Hire and JJ O’Grady, among others, have significantly contributed to its rapid growth during this period. Furthermore, the purchase of ports at Fleetwood and Silloth supports logistics operations, enhancing the company’s capability to deliver integrated solutions.
A critical component of the Stellex acquisition is the merger with JA Jackson, a Lancashire-based quarry operator and recycled aggregates producer. This merger not only expands Fox Brothers’ operational scope but also aligns with Stellex’s strategy to leverage the strengths of its acquired companies.Mark Redman, managing partner at Stellex, emphasised the potential to introduce operational expertise, driving growth and optimising resource utilisation.
Paul Fox expressed enthusiasm for the changes, highlighting the potential for the company to transition into a comprehensive provider of sustainable construction materials. His statement reflects confidence in the newly integrated team and strategic direction, positioning the company at the forefront of innovation within the construction sector.
This acquisition signifies a pivotal transformation for Fox Brothers, aligning with contemporary sustainability trends in the construction industry.
