PEGL

President Engineering Group Limited (PEGL) was a global leader in the design and manufacture of cryogenic valves, as well as precision-engineered products for the energy, industrial gas, and rail industries. With a reputation for quality and innovation, PEGL served a diverse international client base which operated under two key brands: Bestobell Valves, specialising in cryogenic applications, and Conflow, providing safety equipment for the mining and energy sectors.

YFM Equity Partners invested in PEGL in 2010 to support a management buyout and drive the company’s ambitious growth strategy. The investment focused on scaling operations, expanding global sales, and investing in product innovation to meet increasing market demand.

Under YFM’s ownership, PEGL delivered outstanding growth and operational success:

• Expanded its global footprint, securing customers in over 80 countries.
• Achieved significant revenue growth, driven by increased demand for its cryogenic valve technology in the global LNG and industrial gas markets.
• Invested in product innovation, enhancing its offerings in both the cryogenic and mining safety sectors.
• Strengthened its leadership team and operational capacity, ensuring the business could meet growing international demand.

Outcome

In 2015, YFM successfully exited its investment in PEGL through a sale to US-based global engineering group Parker Hannifin. The transaction delivered a strong return for YFM investors and marked a significant milestone in PEGL’s growth journey. The acquisition by Parker Hannifin provided PEGL with access to additional resources and a global platform to further scale its operations and innovation.