A-Gas International is set to launch an expansion in the UK, and internationally, after securing investment from leading mid-market private equity firm LDC, in a deal worth £70 million.
As a result of the transaction, Growth Capital Partners will exit the business. LDC’s Darryl Eales (CEO) and Ian Podmore (Investment Director) will join the A-Gas board.
John Rutley, Executive Chairman and Founder of A-Gas, comments: “We hold a leading position in the specialty gases market, with environmental initiatives such as the Montreal and Kyoto Protocols continuing to drive the market for our products, services and expertise.”
“In LDC we have secured the financial and strategic backing of an investor which has a strong track record of supporting sustainable businesses, not only in the UK but also internationally. There will be opportunities for LDC to add significant value through its Hong Kong office and contacts as we continue to explore ways of increasing sales in Asia.”
Working closely with LDC, A-Gas management will execute an expansion strategy to further exploit its market leading position in Refrigeration and Environmental Services, and increase the group’s global footprint by expanding its business in Europe, Asia Pacific and the Americas.