Our companies:
Advanced Insulation

About:

 

  • Provides high performance insulation and fire protection products to the global upstream Oil & Gas industry
  • Topside, it provides passive fire protection products which protect people and property in the event of a fire.
  • Subsea, it offers thermal insulation products which increase flow rates and hence, production efficiency
  • The business employs more than 120 staff with operations in the UK, USA, Dubai, Korea, Angola, Brazil, Kazakhstan, Abu Dhabi and Malaysia

 

Key facts

Sector: Oil & Gas
Location: Gloucester
Status: Current
Website: www.aisplc.com
Follow on Twitter: @aisplc

Why we invested:

 

  • We are backing an experienced team with world-leading technical expertise, deep operational experience in the sector and who are hungry to deliver the next phase of growth
  • Products are technically advanced compared to the competition, barriers to entry are high and AI is well known as an innovative problem solver for its customers
  • Outstanding track record of growth; in the last 5 years, sales have increased six-fold and the business is forecasting continued rapid expansion
  • Well placed relative to market drivers

The deal

Size at investment: Undisclosed
Date of investment: March 2014
Deal type: Minority placing

How we are making a difference:

 

  • Flexible GCP structure enabled the existing shareholders to realise some value, re-balance the equity ownership and access capital to support the growth of the business
  • GCP funded the entire transaction, with no external debt, underpinning the deliverability of the deal and providing a strong foundation for growth
  • Working with management to assess, execute and integrate acquisitions

 

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ESG results

  • 1,800 solar panels installed on the factory roofs producing on average 1,182kWh/per day, enough power to supply 130 houses
  • ISO 9001, 14001 and 18001 accreditations achieved
  • Management improvement plans in place to reduce carbon footprint by 5%, packaging by 1% and energy consumption by 5%

“After a detailed and careful selection process we are delighted to move into the next phase of our ambitious expansion plans alongside our new partners GCP. Their financial input combined with their understanding and support for our growth strategy will help us to achieve our objectives within a tighter time frame.”

Ed Weeks, Chairman