A-Gas

Environmental gas distribution

Region

  • Wales & South West

Date of investment

  • February 2007

Team Members

Website

Contributing Sustainable Development Goals

Several factors influenced our decision to work with GCP: the rapid completion time; a great relationship; their deep understanding of our business, the deal structure and their empathy with us

John Rutley

Executive Chairman, A-Gas

Background

Our investment partnership with A-Gas began in February 2007. They are an independent global blender, re-packer and distributor of specialist gases to the refrigeration and insulation foam industries. They are focused on environmentally acceptable replacement products for chlorofluorocarbon (CFC / HCFC) gases and liquids.

Our investment was behind a strong management team who had built a global business that dominates its chosen markets with high barriers to entry. Environmental initiatives at a government policy level drove a lot of demand for A-Gas’s core products and services.  The deal dynamics gave an opportunity for the next tier of management to participate in the equity of a fast growing business, whilst maintaining the strategic expertise and entrepreneurial flair of the founder, John Rutley

In April 2011 we led on the exit process of A-Gas to a financial buyer in a tertiary buyout and were actively involved in the strategic direction of the business.

Strategic Clarity

Business Shape
  • International Expansion
    • Supported the strategic positioning of the business through developing new international markets and continuing to anticipate the worldwide regulatory changes that drive demand
Proposition
  • Service Line Development
    • Supported investment in new technology to develop a hydrocarbon recycling facility, boosting profitability and reducing emissions

People & Organisation

Leadership
  • Succession Planning
    • Ensured that there was a management succession plan in place for the next stage of their growth

Delivering the Best Outcome

  • High-Quality Delivery
    • Provided management with a flexible funding structure to enable them to take the business onto the next stage of development