M&A Deal Summary

Airswift Acquires Air Energi Group

On January 29, 2016, Airswift acquired staffing company Air Energi Group from LGV Capital

Acquisition Highlights
  • This is Airswift’s 2nd transaction in the Staffing sector.
  • This is Airswift’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-01-29
Target Air Energi Group
Sector Staffing
Buyer(s) Airswift
Sellers(s) LGV Capital
Deal Type Merger
Advisor(s) Baird (Financial)

Target

Air Energi Group

Manchester, United Kingdom
Air Energi is an international recruitment business specialising in the oil and gas industry providing contract, project and staff hire personnel to the major national and international oil companies. Air Energi is based in Manchester and has regional headquarters in the USA, Middle East, Asia Pacific and Australia.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Airswift

Houston, Texas, United States

Category Company
Sector Staffing
DESCRIPTION

Airswift is an international workforce solutions provider within the energy, process and infrastructure industries. Airswift serves as a strategic partner to our clients, offering a turnkey workforce solution to capture and deliver the top talent needed to complete successful projects by aligning with the unique needs of our clients. With over 52 offices worldwide, 6,000 contractors and a candidate database of 500,000, our geographical reach and pool of talent available is unmatched in the industry and the level of experience, exposure and expertise that the organisation has is unparalleled. Airswiftis based in Houston, Texas.


DEAL STATS #
Overall 2 of 4
Sector (Staffing) 2 of 4
Type (Merger) 2 of 3
Country (United Kingdom) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Swift Technical Group

Enfield, United Kingdom

Swift Technical Group Ltd. (Swift Worldwide Resources) is a specialist recruitment provider for the global oil & gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Competentia

Stavanger, Norway

Competentia is a consulting business, providing highly skilled project management and engineering personnel to oil and gas companies worldwide. Competentia provides temporary staff that has developed into a consulting firm with technological expertise within FPSO and LNG Gas projects and with a strong growth story. Competentia was established in 1998 and is based in Stavanger, Norway.

Buy -

Seller(S) 1

SELLER

LGV Capital

London, United Kingdom

Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LGV Capital Ltd is the private equity arm of Legal & General Group plc, an FTSE-100 quoted insurance firm that invests in middle market consumer, healthcare, leisure and services companies headquartered in the British Isles. LGV focuses on buyouts of rapidly growing, profitable companies with defensible market positions and strong management. LGV looks to invest £15 million in businesses valued from £25 to £200 million. The Firm targets companies in specialist retail, consumer services, food/beverages, household, personal care/OTC products, luxury branded goods, residential care, education, life sciences, animal health, pubs, restaurants, caravan parks, spas, recreational facilities, consultancy, outsourcing, human capital, logistics, IT services and facilities managements. LGV Capital Ltd was formerly known as Legal & General Ventures. LGV was formed in 1989 and is based in London.


DEAL STATS #
Overall 17 of 19
Sector (Staffing) 1 of 1
Type (Merger) 2 of 2
Country (United Kingdom) 17 of 18
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Snow and Rock Sports

United Kingdom

Snow & Rock Sports is the UK’s specialist retailer of outdoor sports equipment and clothing, focused on snow sports, cycling, running, and climbing/ walking. The Group operates 35 stores, many of which include a combination of its three brands – Snow & Rock (“S&R"), CycleSurgery (“CS") and Runners Need (“RN").

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-20 ABI Holiday Homes

Beverley, United Kingdom

ABI Holiday Homes is a manufacturer of caravan holiday homes and one of the most highly regarded and established brands in the caravan holiday home industry. ABI Holiday Homes is based in Beverley, United Kingdom.

Sell -