Fen-Bay Services secures backing from investor group

Loading bay equipment supplier Fen-Bay Services has secured backing from an investor group, in a deal advised by Initium.

Sleaford-based Fen-Bay is a leading provider of loading bay equipment, industrial doors, gates, barriers and high-speed doors, undertaking new installations, servicing, maintenance and repairs for customers across the UK and Ireland.

The investment was arranged by Chelverton Asset Management on behalf of its client Hockley Capital, committing substantial funds to enable the existing management team – led by Carl Sedlan and John Aitken – to support product innovations, including the company’s new off-grid door control system Eco-bay.