Dominion Technology Gases has been subject to a management buy-out, backed by private equity specialist Graphite Capital.
Dominion chief executive, George Yule, led the experienced MBO team which includes Paul McAlister, business development director, and Gerry Stephens, operations director. The company has also introduced a new finance director, Bryan Park, and a new chairman will be appointed shortly. Both will bring considerable experience of expanding businesses internationally.
Mr Yule explained, $quot;The entire team has worked very hard to develop long term relationships with our customers, delivering reliability, quality and added-value across our range of products and services. With Graphite’s support and expertise we will continue to develop this range and explore opportunities to grow the business through acquisitions.$quot;
Yule and his team plan to exploit the expected expansion in the offshore cylinder gas market both at home and abroad. Dominion has already successfully launched its first overseas bases in Norway with sites in Bergen and Stavanger. The company plans to expand its business internationally across the main exploration and production centres, building on its existing relationships with leading global sub-sea contractors and operators in the North Sea.
... to continue reading you must be subscribed
