...Rubix Group Holdings Limited (Rubix or the company, B3 stable), formerly IPH-Brammer Holdings Limited, is Europe's leading industrial parts distributor, focused primarily on the maintenance, repair and overhaul (MRO) segment. The company was formed in 2017 through the acquisitions of Brammer Limited (Brammer) in February 2017 and Industrial Parts Holding SAS (IPH) in September 2017. The company's scale provides substantial advantages in terms of network density, procurement, diversity of revenue, customer service and responsiveness, leading to entrenched positions with a fragmented customer base. Rubix has been affected by disruption to industrial production as a result of the coronavirus pandemic in the second quarter of 2020, however from a trough in April results have recovered strongly. The company has benefited from a shift over the last two to three years towards less cyclical sectors, through acquisitions and new account wins, which are less deeply affected by the pandemic....