Selas swoops for Maxsys Fuel
Maxsys Fuel Systems, based in Telford, has been bought by US-based Selas Heat Technology Co. The deal was advised by Leamington Spa-based advisory firm Burgis & Bullock Corporate Finance.
Maxys Fuel provides green technology applications which help reduce energy costs.
The company was bought by Selas Heat Technology from French investment house Aloe Private Equity.
Selas is an investee company of Lionheart Ventures, a US-based private equity group.
Maxsys works with customers across the globe, with two recent projects having been completed in Singapore and the USA. The company’s customers include Fords Motor Company and Dow Chemicals.
Grant Howard from Burgis & Bullock advised Selas and Lionheart Ventures on the deal.
He said: "This is an important, strategic acquisition for Selas that expands its combustion systems technology range and geographical footprint."
