A-Gas buys Rapid Recovery
UK: Refrigerant supplier A-Gas International has acquired Rapid Recovery, a refrigerant recovery business headquartered in Phoenix, Arizona.
The acquisition, negotiated through its through its A-Gas Americas’ business, will see A-Gas building on its current A-Gas Americas’ Total Solutions offering to provide an end-to-end supply and reclamation service to its customers.
Rapid Recovery operates across the United States from its 40-branch locations. Each site provides a full suite of on-site recovery and cylinder services to the refrigeration and HVAC sectors.
This latest transaction marks the fourth acquisition for A-Gas in the US and sixth worldwide since 2012.
The business will remain trading under the Rapid Recovery brand, with its management team Adam and Rich Dykstra continuing to lead the company under A-Gas Americas CEO, Monte Roach.
The acquisition fits in with Rapid Recovery’s expansion plans.“As we were considering how to achieve our future vision of growth to 80+ markets across the USA it became apparent we needed a strong partner and A-Gas was the clear choice to embark on that journey with,” said Adam Dykstra.
A-Gas is an international company with headquarters in the UK and established operating businesses in Europe, South Africa, Australia, Asia and the Americas, specialising in the supply and lifecycle management of chemicals and gases for end users across a range of sectors including commercial refrigeration, aviation, automotive and industrials.
The acquisition will add another 62 employees to A-Gas’ US arm, bringing its global headcount to 350, with a combined turnover of £110m.
“By adding Rapid Recovery’s national reach for recovery with the A-Gas national network of distribution partners we now have a complete model to serve our critical end users,” commented A-Gas’ Monte Roach. “A-Gas is now the only company to offer US customers a full service solution. This acquisition significantly increases our scale and presence across the country.”
Andrew Ambrose, A-Gas International Group CEO, said: “Following on from our previous acquisitions in the United States in 2012 and our rebranding last year, bringing Rapid into our business shows our continued commitment to the Americas, a market which we believe suits our increasing focus on our Environmental Services offering.”