Two bottled gas suppliers snapped in UK acquisition
Two suppliers of bottled gas in the UK have been acquired by innergy Group, the Leeds-based supplier of gas and associated equipment.
Castle Energy Group, one of the largest independent suppliers of solid fuels in the UK, supplies hundreds of forecourts, restaurants, garden centres and wholesalers with coal, charcoal, wood and bottled gas throughout Yorkshire, Humberside, Lancashire and the North Midlands. HB Dobson (Gas) is a supplier of bottled gas to local businesses in North Yorkshire.
They were acquired for an undisclosed sum.
Castle Energy will now become innergy Solid Fuels Ltd and HB Dobson (Gas) will be integrated into the innergy LPG division.
Gez Walsh, managing director of innergy, said: “Both businesses have built a wonderful reputation with their customers for exceptional service, which is something that has always been a focus for us.
“We see fantastic opportunities to introduce Castle Energy’s product range in to our customer base, coal to our network of Calor Gas stockists and catering charcoal to the pubs and restaurants that rely upon us for their drinks dispense gases. We also expect to achieve significant operational efficiencies from the HB Dobson acquisition, expanding our bottled gas offering further in North Yorkshire.”
innergy was advised by the Mazars Leeds corporate finance team of Alex Baskeyfield, corporate finance director and Josh Thorneycroft, corporate finance executive and Gary Caplan from GC Business Lawyers.
Funding was supported by Yorkshire Bank Commercial Finance.