TPG Rise Climate Forms Partnership with KKR as New Majority Shareholder in A-Gas
Summary
KKR will remain a significant minority shareholder in the business, continuing to work in collaboration with TPG Rise Climate and the A-Gas Leadership Team. The transaction is expected to be completed by the end of 2023, subject to customary closing conditions, including certain regulatory approvals. Led by Jack Govers, Chief Executive Officer, A-Gas Group is the world leader in the supply and lifecycle management of refrigerants and associated products and services. Through its recovery, reclamation, and repurposing processes, the company captures refrigerants and fire protection gases for future re-use or destruction, preventing their harmful release into the atmosphere. Over the past three decades, A-Gas has extended its market leadership into new growth verticals such as on-site Rapid Recovery of refrigerant gas, the safe destruction of legacy gases, and the generation of carbon credits.