UK: A number of private equity firms including 3i and the Carlyle Group are reported to have submitted bids for refrigerant distribution company A-Gas.

On March 1, Wealthmonitor reported that investor LDC had mandated financial advisory company Rothschild to sell its interest in A-Gas. Since then, Wall Street Journal and others have reported bids from private equity firms including 3i and the Carlyle Group.

LDC acquired its interest in A-Gas in a management buyout from Growth Capital Partners for £70m in 2011. With LDC’s backing, the company planned an expansion the group’s global footprint by expanding its business in Asia Pacific and the Americas, and supporting the potential acquisition of complementary businesses.

True to its plan, LDC has backed six acquisitions since its investment. These included the purchase of US refrigerant supplier Coolgas, US-based recovery, reclamation and recycling firm RemTec International, Australian companies Technochem and SA Rural and UK based A-Zone Technologies in 2012. Last year A-Gas added Rapid Recovery, a refrigerant recovery business headquartered in Phoenix, Arizona.

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A-Gas buys Rapid Recovery – 2 June 2016
UK: Refrigerant supplier A-Gas International has acquired Rapid Recovery, a refrigerant recovery business headquartered in Phoenix, Arizona. Read more…