A-Gas Acquires Rapid Recovery
Will enable company to provide an end-to-end supply and reclamation service to its customers
BOWLING GREEN, Ohio — A-Gas International, through its A-Gas Americas business, has completed the acquisition of Rapid Recovery. Headquartered in Phoenix, Rapid Recovery operates across the U.S. from 40 branch locations providing a full suite of on-site recovery and cylinder services to the refrigeration and HVAC sectors.
A-Gas said the acquisition will enable it to extend its current offering in the refrigeration market to provide an end-to-end supply and reclamation service to its customers. As the U.S. refrigerant market continues its phase down of R-22 and looks to the future regulation of other refrigerant gases, the acquisition brings together A-Gas Americas’ Total Solutions® offering with the established recovery and reclamation services of Rapid Recovery.
This latest transaction marks the fourth acquisition for A-Gas in the U.S. and sixth worldwide since 2012. The business will remain under the Rapid Recovery brand, with its management team of Adam and Rich Dykstra continuing to lead the company under A-Gas Americas CEO, Monte Roach.
A-Gas is an international company with headquarters in the UK and established operating businesses in Europe, South Africa, Australia, Asia, and the Americas, specializing 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.
This acquisition will add another 62 employees to A-Gas’ U.S. arm, bringing its global headcount to approximately 350, with a combined annual revenue of over $160 million.
Commenting on the deal, Roach said, “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. A-Gas is now the only company to offer customers a full service solution. This acquisition significantly increases our scale and presence across the country.”
Adam Dykstra added, “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.”
Andrew Ambrose, A-Gas International Group CEO, said, “As we look to drive market share through the growth of our service offering, the acquisition of Rapid Recovery marks another important step along the A-Gas journey. 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. Bringing together the service offering of Rapid with our approach to the market, which has proven to be a great success globally over the past 23 years, is a positive to both businesses, their people, and also our suppliers and customers.”
For more information, visit www.agasamericas.com.
Publication date: 6/6/2016