# Rox Capital acquires Neil Technical Services and merges it with Scruggs Company, backed by Graycliff debt

Graycliff Partners provided subordinated debt financing for Rox Capital's acquisition of Neil Technical Services and its merger with Scruggs Company in Texas, creating a regional pump, motor and valve service provider in Houston.

- Type: Acquisition
- Announced: 2023-06-08
- Where: Texas, United States
- Status: completed
- Products: valves, actuators, pump and motor repair services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Graycliff Partners](https://endata.com/companies/10237.md) (investor)
- [Rox Capital](https://endata.com/companies/10655.md) (acquirer)
- [Scruggs Company](https://endata.com/companies/10656.md) (target)
- [Neil Technical Services](https://endata.com/companies/10657.md) (target)

## Sources

- [graycliffpartners.com](https://graycliffpartners.com/news/graycliff-announces-credit-investment-in-scruggs), 2023-06-08: "The combination of Scruggs and NTS creates a leading regional pump, motors & valves service provider in the Houston market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.