Helix Tool Company, which was recently backed by NVM Private Equity, has completed a double acquisition as it seeks to consolidate the industrial tooling distribution market.
The Leeds-based business has acquired Floyd Automatic Tooling and Nsert.
Floyd Automatic based in Hertfordshire is a highly specialist technical distributor of tools and consumables for the sliding head CNC market with deep technical expertise and several exclusive manufacturing partnerships.
Nsert is a regionally focussed cutting tool and industrial consumables supplier to a number of large customers in the North East of England.
The combination of the two businesses will enable the now enlarged Helix group to broaden its product range and offer enhanced value to clients in the precision engineering, automotive, aerospace and medical sectors. The new additions will also see the Helix team significantly expand both their existing locations and enlarge their geographical footprint.
“We are thrilled to welcome Floyd Automatic and Nsert into the Helix family,” said Matt Cattell, CEO of Helix Tool’s holding company, MRO+ Solutions. “The combined deep technical expertise in both companies complements our existing offer perfectly.
“Today’s announcement signifies a strong start to 2025 for Helix and we are confident that customers will see significant benefit both in terms of product offering and exceptional technical expertise.”
Charlie Pidgeon, Investment Partner of NVM Private Equity, said: “Consolidation of markets is an obvious driver of growth and with such a strong reputation for technical expertise we saw a clear opportunity for Matt to integrate these businesses into an enlarged Group.
“We are delighted to have supported them on their first two acquisitions and look forward to backing the team with more opportunities as they arise.”
