Deal Details

EspriGas Receives Recapitalization by Arsenal

Technology & Services
Industrial

EspriGas, a portfolio company of Kaltroco, recapitalization by Arsenal

Summary

EspriGas (the “Company”), a portfolio company of Kaltroco Limited (“Kaltroco”), has been recapitalized by Arsenal Capital Partners (“Arsenal”).

Baird served as exclusive financial advisor to EspriGas on this transaction.

About

Founded in 1998, EspriGas is a technology-enabled, asset-light provider of packaged gases that is reshaping how businesses buy and manage packaged gases. Through a national supplier network, EspriGas connects a highly fragmented base of packaged gas buyers to the optimal suppliers, serving more than 35,000 customer locations. The Company’s proprietary technology digitizes ordering and fulfillment, predicts customer reordering needs before supply runs out and provides real-time tank monitoring, delivering reliable supply, lower costs and a single point of contact for gases that are critical to customer operations. EspriGas is headquartered in Atlanta, Georgia.

Kaltroco Limited is a private investment company committed to supporting the long-term growth of high-quality middle-market businesses. Established in 1994, Kaltroco partners with founders and management teams to pursue ambitious growth objectives. As a family-backed investment company with no outside investors and no restrictions on structure or hold period, Kaltroco has the flexibility to invest on the timeline that best fits its portfolio companies’ needs and its partner management teams’ objectives. Since its founding, Kaltroco has invested in over 30 companies globally, with a focus on the healthcare services, business services and consumer industries. Kaltroco has investment professionals in Nashville, Zurich and Cape Town and is headquartered in Jersey, Channel Islands.

Arsenal Capital Partners is a private equity investment firm that specializes in building market-leading industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 300 platform and add-on acquisitions and achieved more than 35 realizations. Driven by its commitment to unlock potential in people, businesses and technologies, the firm partners with management teams to build strategically important companies with leading market positions, high growth and high value-add. Arsenal is headquartered in New York, New York.