Benchmark International is pleased to announce the transaction between Shropshire-based CompCare and London-based Rubix.
Established in 2007, CompCare specialises in outsourced air, as well as oil free and large compressed air systems. The company is a market leader in variable speed drive conversions or retrofits, heat recovery packages, and multi station control systems. Its focus is on extending the life and improving the efficiency of compressed air systems so that customers generate full value from their assets.
Rubix is Europe’s largest supplier of industrial maintenance, repair and overhaul products and services. The company has over 750 locations across 22 countries and had a turnover of €2.4 billion in 2020.
The acquisition enables Rubix to provide greater and enhanced access to technical services related to compressed air in the UK. It also supports the group’s ongoing drive to remain the leading multi-specialist supplier of industrial products and services.
Post-acquisition, CompCare will continue to run independently, and its directors, Glyn Griffiths and Mike Knowles, will remain in the business and help to deliver Rubix’s growth plans in the UK. The CompCare management team will report to Peter Burrows, Managing Director of Engineering Services for Rubix in the UK.
Speaking on behalf of the CompCare team, Mr Griffiths said: “We are delighted to be joining the Rubix family in the UK and look forward to working as a part of its extensive network to further grow our business and expand our offer to more customers.”
Mark Dixon, CEO of Rubix in the UK, Ireland and Iceland, added: “We are really excited about CompCare joining the Rubix family. They provide us with a scalable technical specialist resource in a key area for us and our customers.
“They also enhance one of our primary areas of focus in creating value for customers by providing cost and energy savings whilst also helping customers to reduce their carbon footprint. That supports foundational Rubix principles and will be especially valued by our key account customers.
“These technical capabilities combined with our reach, our Insite™ branches and large account relationships will offer both parties substantial growth opportunities in the short, medium and long term.”
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.