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GLBC and Ruffena Capital Guide SGS Gases To Management Buyout

GLBC and Ruffena Capital Guide SGS Gases To Management Buyout

  • Gregg Latchams acted for the management team at SGS Gases, led by Alan Holly and his son James
  • SGS Gases has grown to become the UK’s leading indepdenent gas supplier to the motor industry
  • Funding was advised and arranged by Ruffena Capital through the private equity sector

Gregg Latchams Business Consultancy and Ruffena Capital Ltd, based in London, are delighted to announce that they have completed the management buyout of SGS Gases, a west country based business that has grown to become the UK’s leading independent gas supplier to the motor industry.

The management team are led by Alan Holly and his son James, who bought out the original founders’ shares as part of the next chapter for SGS Gases, which will also see the expansion of the company into Europe.

Alan Holly says: “I am grateful to be able to reward my former partners for their commitment in helping to build this business, the belief they have shown and of course their hard work. I am privileged to be able to now build on their efforts, expanding SGS Gases into the European market.”

Funding was advised upon and arranged by Ruffena Capital, working with one of their long standing relationships in the private equity sector. Clarke Willmott acted for sellers and Gregg Latchams acted for the management team.

Paul Hardman, Director of Gregg Latchams and Head of Company Commercial says: “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. Alan has done remarkably well, delivering a service that offers its customers a different way to purchase gas that is particularly suited to the low volume user. It is a tribute Alan that he has the ambitions to prove himself again in the European arena.”

Robin Rowland Hill of Ruffena Capital added: “It was clear first being introduced to Alan at SGS, that they had an unusual but compelling business of the type that some of our investors and funds would quickly appreciate. Working with Alan and his team and Paul at Gregg Latchams, we were delighted to be able to help deliver a smooth and timely investment that put Alan in the driving seat and matched his vision with the right financial backers.”

 

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