Warrington-based welding firm sold to global player

The corporate finance team of leading independent accountants Cowgill Holloway has sold welding equipment provider Hember Ltd to Red-D-Arc Limited, a subsidiary of Airgas Inc a major US-based business.

Operating from their Warrington head office, Hember Ltd has four depots located at Barton, Bridgend, West Thurrock and Southampton and operates throughout the UK hiring out a wide range of welding equipment.

The Cowgill Holloway corporate finance team was led by Paul Stringer, Partner and Robin Prestage, Senior Manager who have a wealth of transactional experience in the hire sector and guided the sale to a successful completion.

Discussing the deal, Robin Prestage said: “We were delighted to lead this complex transaction and with continued consolidation being seen in the industry and a history of dealing from both sides of the table in this arena, we are positioning ourselves as a leading advisor in the plant hire and overall SME sector.”

Khurshid Valli of Gateley LLP provided legal advice to the vendors.