Motormax secures strategic investment to accelerate growth
Fleet safety solutions provider Motormax has announced a strategic investment partnership with private equity firm MxP Partners LLP (MxP), supported by co-investors RMB Corvest and Westbrooke Alternative Asset Management.
Motormax says the partnership will fuel its ambitious plans for market expansion, innovation and operational excellence.
“Established in 2010, Motormax provides cutting-edge vehicle electronics designed to enhance safety, prevent incidents, and improve operational efficiency for fleets across the UK and internationally,” said the company.
“Trusted by many of the largest fleet operators and vehicle converters in the industry, Motormax helps businesses protect drivers and vulnerable road users, safeguard assets, contributing to safer roads and communities.”
Jeremy Sharman, who previously co-founded the global investment firm Hg Capital and has over 40 years of experience in scaling businesses, will become the new group chairman.
Motormax co-founder and director James Haycock said: “Partnering with MxP gives us the strategic backing to take Motormax to the next level. We will accelerate our new product launch strategy through increased R&D investment, expand into new sectors and global markets, and further enhance our operations to ensure we remain the trusted choice for pioneering fleet safety solutions.”
Jonathan Haycock, also co-founder and director at the firm, commented: “With MxP, we have found partners who share our values and long-term vision. This milestone will enable us to scale sustainably, meet growing customer demand, strengthen our infrastructure, and maintain our industry-leading customer service.”
Director of Motormax and partner at MxP, Charlie Street, commented: “We believe Motormax has the potential to become the UK market leader and a significant global player in fleet safety. With MxP’s experience and resources, combined with the knowledge and expertise of the Motormax team, we are confident in delivering strong, sustained growth.”
Head of Westbrooke UK Private Equity, Rob Grieve, commented: “Motormax and its management team are widely recognised for their innovation, customer-centric approach, and operational excellence. We are excited to partner with Motormax, alongside MxP and RMB Corvest, as the company enters its next phase of growth. We look forward to working closely together to achieve our shared growth objectives.”
Executive at RMB Corvest, Geoff Wilmot, concluded: “We are delighted to partner with the Motormax founders alongside UK co-investors MxP Partners and Westbrooke UK Private Equity. Motormax exemplifies the type of business we seek to support; market-leading operators with proven track records, aligned leadership, and significant growth potential.”
