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 distributor and wholesaler of innovative and cutting edge air distribution products for landmark construction projects throughout the UK. 615 high profile projects delivered. Offers invited.
RELOCATABLE
Online distributor of imported pet & animal accessories to the trade, distributing both non-branded and in-house branded goods across the UK. The company supplies to major retailers alongside more niche aquatic outlets with the company generating ove...
Specialist distributor of pancake & waffle mix, dessert catering equipment & accessories via its e-commerce websites. In addition, the company also offers training courses for catering professionals. Pioneer in the pancake, waffle & dessert industry...
|
22
|
|
Jan
|
Jewellery retailer enters administration | ADMINISTRATION
A Nottingham-based jewellery and watches company has fallen ...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources