CompAir
Encyclopedia
CompAir is an engineering and manufacturing company specialising in compressed air and gas systems.
CompAir was acquired by Alchemy Partners
from Invensys
, which retained a small minority shareholding. Alchemy has invested £41.4 million to fund a complete restructuring of the loss-making CompAir business, in return for a 67% shareholding.
To finance the acquisition, Gardner Denver used excess available cash and new syndicated
credit facilities.
Outstanding service was given by employees during the takeover which was duly noted by Gardner Denver.
Group Credit Manager Stephen Bradbury is responsible for all Gardner Denver order to cash revenue cycles.
CompAir was acquired by Alchemy Partners
Alchemy Partners
Alchemy Partners is a British private equity firm, which specialises in leveraged management buyouts, management buy-ins and the provision of later stage development capital.Alchemy was founded in 1997 by Martin Bolland and Jon Moulton...
from Invensys
Invensys
Invensys plc is a global engineering and information technology company headquartered in London, United Kingdom. It was formed in 1999 through the merger of BTR plc and Siebe plc. It has offices in more than 50 countries and its products are sold in around 180 countries.Invensys is organised into...
, which retained a small minority shareholding. Alchemy has invested £41.4 million to fund a complete restructuring of the loss-making CompAir business, in return for a 67% shareholding.
History
CompAir was actually formed when Holman merged with BroomWade to produce "an organisation with the resources to compete effectively in world markets.... the name of the group was the International Compressed Air Corporation. Four years later the name was changed to CompAir.Time Line
- Holman Bros LtdHolman Bros LtdHolman Brothers Ltd. was a mining equipment manufacturer founded in 1801 based in Camborne, Cornwall, UK.Holman was Camborne's, and indeed Cornwall's largest manufacturer of industrial equipment. Holman played a part in World War II making the Polish designed 20mm Polsten gun, similar to the...
formed in 1801 in CamborneCamborneCamborne is a town and civil parish in west Cornwall, England, United Kingdom. It is at the western edge of a conurbation comprising Camborne, Pool and Redruth....
, CornwallCornwallCornwall is a unitary authority and ceremonial county of England, within the United Kingdom. It is bordered to the north and west by the Celtic Sea, to the south by the English Channel, and to the east by the county of Devon, over the River Tamar. Cornwall has a population of , and covers an area of...
, UK - BroomWade in 1898 in High Wycombe, Buckinghamshire, UK
- In 1968 the two companies merged to form CompAir
- In 1985 Compair was acquired by Siebe GormanSiebe GormanSiebe Gorman & Company Ltd was a British company which developed diving equipment and breathing equipment and worked on commercial diving and marine salvage projects...
- In 1999 Siebe PLC and BTR plc merge to become InvensysInvensysInvensys plc is a global engineering and information technology company headquartered in London, United Kingdom. It was formed in 1999 through the merger of BTR plc and Siebe plc. It has offices in more than 50 countries and its products are sold in around 180 countries.Invensys is organised into...
- In 2002 sold to Alchemy Partners (Guernsey) Ltd. for £ 1.
- October 2008 Alchemy sold Compair to Gardner DenverGardner DenverGardner Denver, Inc. designs, manufactures, and markets engineered industrial machinery and related parts and services primarily in North America, Europe, Asia, South America, Africa, and Australia...
. for a total of £200.6 million.
To finance the acquisition, Gardner Denver used excess available cash and new syndicated
credit facilities.
Outstanding service was given by employees during the takeover which was duly noted by Gardner Denver.
Group Credit Manager Stephen Bradbury is responsible for all Gardner Denver order to cash revenue cycles.