|Company Name:||CompAir Group|
|Company Type:||Engineering and Manafacturing|
|Foundation:||1801 (as Holman Limited)|
|Location:||Redditch, Worcestershire, UK|
|Industry:||Compressed Air & Gas|
|Products:||Air and Gas compressors|
|Operating Income:||£ 6.7 million|
|Net Income:||£ 231 million|
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.
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.
To finance the acquisition, Gardner Denver used excess available cash and new syndicatedcredit facilities.