KEP Services (UK) Ltd, a leading supplier of quality replacement parts to the Heavy Plant industry, have announced their acquisition by FC Group Invest Ltd.
With the owners and directors of our Durham-based company in the midst of succession planning, ownership has smoothly transitioned to our new Swedish investors, who are committed to sustaining and furthering the remarkable growth of KEP Services.
"I am confident that we have found the perfect new owners for KEP. When choosing a buyer for our company, it was crucial for us to ensure that the business would flourish under fresh and capable leadership,"
said Jim Smith, the General Manager at KEP Services, who is taking the reins and running the business.
Jim Smith has been an integral part of KEP Services and played a pivotal role in the transition. Under his guidance, KEP has transformed into a leading supplier of high-quality replacement parts for the Heavy Plant industry, serving over 800 customers across a diverse range of businesses.
"We firmly believe that KEP will thrive with the support of FC Group Invest, who have exciting plans for the future of our business."
Based in both Sweden and the UK, FC Group Invest, the new owners, bring extensive experience in mergers and acquisitions of profitable businesses. Their mission is to ensure the company's sustained growth.
Fredrik Johansson, co-founder of FC Group Invest, stated,
"KEP is an exceptional business, and Jim and the entire KEP team have done a commendable job over the last 11 years, propelling the company to its current position. We believe that FC Group Invest's expertise will further enhance the business for the future. Our team deeply values the heritage of KEP, its employees, and maintaining strong relationships with customers, partners, and suppliers. Rest assured, our business plan revolves around continuity, stability, followed by development and growth."
Jim Smith will continue his role as the General Manager, leading our Service division. The entire KEP Team will stay on board, dedicated to providing the exceptional level of service that our customers have come to expect.
We anticipate further announcements regarding our future plans and KEP Services' continued investment in its capabilities in 2023/2024.
For more details, please visit www.fcgroupinvest.com.