TPG Rise Climate to acquire a majority stake in A-Gas from KKR and LDC.

TPG Rise Climate, an infrastructure fund, agreed to acquire a majority stake in A-Gas, a company that is focused on supply and lifecycle management of refrigerants and associated products and services, from KKR, a global investment firm, and LDC, a private equity firm. Financial terms were not disclosed. “We are thrilled to be taking the next step of our sustainability journey, and to be further scaling our Lifecycle Refrigerant Management operations, with the backing of TPG Rise Climate. We have a long history of being at the forefront of refrigerant gas recovery and reclamation, effectively lowering potential emissions to the atmosphere, and this investment from TPG is validation of our growth strategy and the quality of our products and services. We look forward to building on our success by executing a number of organic and inorganic growth initiatives,” Jack Govers, A-Gas CEO.