Pressure Technologies

Pressure Technologies designs, manufactures, tests and refurbishes a range of speciality high pressure, seamless steel gas cylinders for global energy and defence markets. Prior to flotation in June 2007, the Board determined a strategy to grow its world renowned Chesterfield brand into a £40m turnover business within five years through a mixture of organic growth and expansion into complementary businesses. The Board engaged Brewin Dolphin to guide the management team through the IPO process, its responsibilities as a quoted company and towards achieving its growth strategy.

Brewin Dolphin worked closely with the Company’s senior management to develop a powerful investment proposition based around the brand’s strong reputation, the Group’s significant expertise in pressure vessels, a market that is highly regulated market with significant barriers to entry, and a record order book offering high visibility of earnings.

At IPO Brewin Dolphin raised a total of £9.6m providing expansion capital for the company and allowing a partial exit by the private equity investors, who remain highly supportive of the business. Pressure Technologies’ market capitalisation at the IPO was £17m which was in line with the target range set by Brewin Dolphin.

Since flotation, Pressure Technologies has performed strongly with sales increasing year on year towards the Board’s £40m target. The IPO has enabled the Company to drive into new regions as the Company reinforces its reputation as a leading global figure in the specialist cylinders market. Brewin Dolphin continues to work with the Company to help them meet their strategic aims.

If you would like further information on the transaction please speak to Neil Baldwin on 0845 213 4726.