A-Gas International has completed the acquisition of US-based Rapid Recovery.
Headquartered in Phoenix, Arizona, Rapid Recovery operates across the United States from its 40-branch locations. Each site provides a full suite of on-site recovery and cylinder services to the refrigeration and HVAC sectors.
The acquisition will enable A-Gas to extend its current offering in the refrigeration market to provide an end-to-end supply and reclamation service to its customers.
As the US refrigerant market continues its phase down of R22 and looks to the future regulation of other environmentally sensitive gases, the acquisition brings together A-Gas Americas’ Total Solutions offering with the established recovery and reclamation services of Rapid Recovery, creating a market leading offering in the US.
This latest transaction marks the fourth acquisition for A-Gas in the US and sixth worldwide since 2012.
The acquisition will add another 62 employees to A-Gas’ US arm, bringing its global headcount to 350, with a combined turnover of $218 million.
A-Gas Americas president and CEO, Monte Roach, said the acquisition significantly increases the company's scale and presence across the country.