In May 2007 Graphite Capital led the management buy-out of Dominion Gas, the UK’s leading supplier of gases and gas cylinders to offshore oil and gas customers.

Dominion supplies specialist gases used for diving, welding and testing by offshore oil and gas customers. The gases are analysed and mixed on site in the company’s own laboratory and supplied to customers in specially designed containers and cylinders. The company has a resilient business model, underpinned by specialist infrastructure and expertise, and enjoys strong relationships with leading global sub-sea contractors and operators.

Under Graphite’s ownership Dominion Gas has expanded its customer base and product range. The company acquired Global Gas, its largest independent cylinder gas competitor, in 2007 and further broadened its product range with the acquisition of Argon Isotanks in 2008.

Dominion Gas has also strengthened its international footprint, establishing new operations in Norway and Ghana. Substantial investment in equipment has prepared the group for further international expansion.