Wed, 28 Feb 2018 | MBO/MBI
A recent management buy-out (MBO) at an industrial bottled gas provider will clear the way for the company to expand its operations into Europe.
The team at SGS Gases, a bottler of various gases for garage and home use based in Weston-super-Mare, was led by Alan Holly and his son James, who bought the firm from its founders in recent years.
The MBO was conducted with the help from private and venture equity company Ruffena Capital, which advised and arranged funding and worked alongside one of the firm’s long-standing contacts in the private equity sector.
Solicitors Clarke Willmott acted on behalf of the sellers while Gregg Latchams provided legal advice for SGS’s management team.
Holly said that he was “grateful” to be able to reward his business partners for their commitment to building and improving SGS. He added that the extra funding would allow the firm to build on those achievements, even leading to “expanding SGS Gases into the European market”.
The Somerset-based business produces a range of bottled gases in various sizes for commercial use. It also maintains a distributor network to allow products to be collected or delivered locally across the UK.
SGS’s range includes a CO2/Argon Mix, Oxygen tanks and R134A refrigerant gas, as well as various fuel solutions.
Paul Hardman, director of Gregg Latchams and head of company commercial, said: "We were delighted to be able to help Alan achieve his ambitions on this matter. It is a testament to the disruptive nature of their proposition - challenging the existing models - that after only eight years, they have achieved a very profitable business.
A family business founded over thirty years ago. Large independent Janitorial supply house. Operates from substantial freehold premises. Enjoys membership of a nationwide buying consortium. Offers invited.
FREEHOLD
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