Advanced Innergy Solutions (AIS)

High performance engineered products

Sector
Industrial
Region
Wales & South West
Date of investment
March 2014
GCP team members
Website
Contributing Sustainable Development Goals

Background

AIS is a global leader in the engineering, manufacture and application of specialist materials, insulation and passive fire protection systems, as well as buoyancy and SURF (subsea, umbilicals, risers and flowlines) products.  The business delivers mission-critical solutions for the energy, offshore wind, industrial, automotive, chemical and marine sectors.

Headquartered in Gloucester, AIS has operations in the UK, USA, Dubai, Korea, Angola, Brazil, Kazakhstan, France and Canada and employees almost 400 people.

We have backed an experienced team with world-leading technical expertise and deep operational experience in the sector in a minority partnership deal.

Our investment partnership

AIS’ products are technically advanced compared to their competition, offering high performance solutions for customers based on advanced material science.  As such, barriers to entry are high and include technical specifications, reliability and a strong track record.

The business has a leading position in its traditional oil & gas market which has provided a strong platform for its energy transition strategy and diversification into other industrial applications.

Strategic support through our Growth Toolkit

Since our investment we have closely supported Andrew Bennion, Simon Shepherd and their team with numerous strategic growth initiatives, leveraging our Growth Toolkit and Network:

Driving Growth

  • Investment to support diversification strategy including the development of new products serving the offshore wind and Electric Vehicles (EVs) markets
  • Supporting two acquisitions over the life of our investment, strengthening AIS’ position in industrial and renewable energy end markets

Funding for growth

  • GCP funded the entire transaction, with no external debt, underpinning the deliverability of the deal and providing a strong foundation for growth
  • Worked with the business to extend working capital facilities, providing increased liquidity to help the business scale

Doing the right thing - our role in sustainable investing

  • We have supported AIS in developing its service offering to support energy transition. The business has developed cable protection and sealing solutions for the offshore wind industry and fire protection products for EVs batteries.
  • The business also launched and developed its “Think Safe, Act Safe, Be Safe” programme, prioritising the safety of its staff across all locations. As a result of this focus on employee well-being, the business has had zero lost time incidents at its UK facilities in seven years.

More Current Investments