A&O Shearman represents Stellex Capital in acquisition of Fox Brothers

Stellex Capital is a private equity firm with over USD2.8 billion in AUM and offices in New York, London, Pittsburgh and Detroit. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing.

UK-based Fox Brothers provides services to the construction and infrastructure industry including muck-away, haulage of aggregates, production of recycled aggregates, waste recycling, quarry operations and ready-mix concrete production.

As part of this transaction, Fox Brothers will also merge with J.A. Jackson, a quarry operator and producer of recycled aggregates and ready mixed concrete. This strategic integration will generate synergies between all parts of the business.

A key focus of the investment will be to further integrate the company to transform Fox Brothers into a fully integrated, circular economy construction materials solutions business, able to help decarbonise the construction materials supply chain.

The cross-practice team was led by private equity partner Peter Banks alongside senior associate Adarsh Chhabria, with financing advice provided by partner Catherine Lang-Anderson and tax advice by partner Tim Harrop.