Rockpool-backed Flofuel Group announces acquisition of Fluid Transfer International
3 years ago
Rockpool is pleased to announce the Flofuel Group’s [“Flofuel”] successful acquisition of Fluid Transfer International [“FTI”], a leading global provider of aviation refuelling solutions.
Flofuel designs, manufactures, sells and supports market-leading aviation refuelling equipment internationally under the well-established Flightline Support brand. Products include tankers for the transport of fuels, complex pumping and mixing systems mounted on self-powered or movable units and fuel farms, comprising underground tanks and pipe networks. Under the Flofuel Training brand, Flofuel provides the world’s first official training programme and BTEC Advanced Diploma qualification in aviation refuelling, recognised in over 100 countries.
FTI marks the second acquisition Flofuel has made since Rockpool backed the management buyout of the company in 2016. Following the acquisition of Flightline Support in late 2016, the Flofuel Group has continued to take subsequent strategic moves to further extend its potential and reach in the global aviation refuelling solutions market. The Flofuel Group includes Flightline Support, Flofuel Training, Flofuel Support and now Fluid Transfer International, a growing platform of companies and capabilities.
Steve Henning, Chairman of the Flofuel Group, said:
“We are delighted to welcome Fluid Transfer International to our growing group and we would like to extend a warm welcome to their team. Together, with a wide geographical reach, extended capabilities and capacity we forecast significant growth across each group company and across the group as a whole.”
George Maguire, the new Chairman of Fluid Transfer International, said:
“Being part of the Flofuel Group offers a number of key benefits to both our company and our team. Not only are we able to share capabilities and best practise, we are also now well positioned for even greater future success within this growing and ambitious group.”
Ben Hutchinson, Investment Manager at Rockpool, commented:
“With a well-known brand and an outstanding reputation for providing high quality refuelling solutions to aviation and marine markets around the world, Fluid Transfer is an excellent addition to Flofuel’s growing platform of companies.
This acquisition brings with it significant opportunities, through capability, capacity and geographical expansion, for the Flofuel Group to provide a full range of refuelling services to its global customer base.
We are excited about the Group’s future and look forward to supporting Steve, George and the rest of the Flofuel team.”