Our Companies
Company
A-Gas
Sector
Industrial
Location
Bristol
Status
Current
Background
A-Gas is an independent global blender, re-packer and distributor of specialist gases to the refrigeration and insulation foam industries. It focuses on environmentally acceptable replacement products for chlorofluorocarbon (CFC / HCFC) gases and liquids. The business has operations in the UK, South Africa, Australia and Asia.
Deal Information
Deal size: £32 million
Deal type: MBO
Bought from: 3i
Date of investment: February 2007
Investment rationale
A-Gas holds a strong position in the regulated specialty gases market which is underpinned by legislation and regulation. Environmental initiatives such as the Montreal and Kyoto Protocols are driving the market for A-Gas‘s products and technical services. The business is at the forefront of supplying industry with alternative solutions for refrigeration and insulation needs. Our investment case is predicated on the opportunity to move the business into new markets where demand is set to grow rapidly. The management team is first rate and we believe A-Gas will develop into a strategic asset.
