Energas vendu á Air Liquide

RSM’s M&A and private equity team has completed the sale of the Energas Group to Air Liquide, the global industrial gas business.

The client

Originally started as a supplier of ex-army surplus tools from a single shop in Hull, Energas and Engweld evolved over 50 years to become the UK’s leading independent supplier of cylinder gases and welding equipment. Today, they operate from a network of 13 sites across the UK, serving more than 17,000 customers.

What RSM did

As a long standing family business, the shareholders were keen to find a strategic buyer who would provide a good home for the business. The deal was originated by Andy Capes in our Hull office and led by a national team across both the London and Leeds offices. We ran a discreet but competitive global auction which saw the deal complete within six weeks of agreeing exclusivity.


'The RSM team became my trusted advisers throughout this deal. I was very impressed with the way in which they absorbed and understood the complexities of our business in such detail. This helped tremendously when selling the benefits and future potential, particularly to trade buyers. They fought hard to ensure the deal terms were right. I always felt that I had a strong team on my side and they delivered an exceptional deal not only for the shareholders but also for the business.'

Mike Robinson, Managing Director, Energas

Transaction team

Rob Donaldson, Partner

Natalie Ord, Associate Director

James McDonnell, Manager

Tim Hamer, Executive