Dec. 5, 2012: A-Gas International Acquires RemTec and Coolgas, Expands Presence in U.S.
Founded in 1986, RemTec’s patented and proprietary equipment is used to recover and reclaim CFCs, HCFCs, and HFCs used in HVACR applications, and also halons and their replacement agents used in the fire protection industry. Through expanding its geographic footprint to international locations such as the Middle East, China, Australia, and India, and integrating key technologies and equipment, RemTec possesses one of the most comprehensive and technically advanced international operations in the industry.
According to A-Gas International, the acquisition provides a strong strategic fit with A-Gas’ existing operations in the environmental services market which is already well established in the United Kingdom and Europe, and provides the business with a solid foothold in the important North American market.
John Rutley, executive chairman of A-Gas International, said, “The acquisition of RemTec is another great example of our ambition to grow the business on a global scale. RemTec brings a market leadership position in halons and a strong platform for growth in refrigerants; we believe that there is real scope to build further upon RemTec’s success to date in North America, while also driving value across the enlarged group.”
Founded in 1994 by Jesse Combs, Coolgas has grown over the past 18 years to become one of the leading independent distributors of refrigerants in the United States. The company recently commissioned a new refrigerant storage and packaging facility in Houston and has distribution centers in California, Utah, Arizona, Indiana, Michigan, Maryland, and Georgia.
In recent years, Coolgas has also become an EPA registered reclaimer of refrigerants and a project developer for the generation of carbon offsets on the California Climate Action Reserve exchange.
According to A-Gas International, Coolgas provides a strong strategic fit, bringing a strong brand and complementary footprint that will accelerate refrigerants sales growth. The acquisition also builds on A-Gas’ acquisition of RemTec.
Rutley said, “Jesse Combs and his management team have built a great business in the U.S. refrigerant sector and we are delighted to add it to our rapidly expanding presence in this important market. The fit with our recently acquired business, RemTec, is perfect and allows us to offer a full range of products and services to our customers in the world’s largest refrigerant market.”
Publication date: 12/3/2012