In summary
A leading designer and manufacturer of air, vacuum and jet wash machines which it provides as turn-key solutions to fuel station forecourt operators across Western Europe.
Investment strategy
- Expand the installed machine estate, focusing on:
- jet wash and incremental air opportunities in the UK
- air growth in existing and new European geographies
- Create a standalone business, investing in people, operations and governance
- Drive performance efficiencies and cash generation
Progress
Since our partnership began in April 2023, the business has delivered solid year-on-year growth. Working with the management team we continue to enhance the value creation plan through the expansion of the machine estate, investment in the team and implementation of operational efficiencies.
I am delighted to welcome Caledonia as AIR-serv Europe’s new equity sponsor. With their financial support, flexibility and long-term investment horizon, I am confident that we can build on the Business’ reputation for product quality, technical capability and customer service to take advantage of the significant growth potential in our chosen markets.
Clive SteelCEO, AIR-serv
