Zeus Private Equity has backed a £30m management buyout of international oil and gas recruiter Air Energi Group.

Operating from a head office in Manchester, the group also has offices in the Americas, the former Soviet Union, Europe, the Middle East, Australasia and Asia Pacific, providing contract, project and staff hire engineers and technical specialists.  

The buy-out was led by Air Energi executive chairman, Ian Langley and chief executive Duncan Gregson alongside the ZPE team of Gary Tipper, Ed Fazakerley, Beth Houghton and James Winterbottom.

Ian Langley, executive chairman at Air Energi, says: “The completion of this deal in a very tough market is testament to the quality of the company and the people employed. We are all looking forward to working with Zeus. I’m pleased to say that they have been consistent throughout the deal negotiations and we have established a firm foundation for our ongoing relationship. With the backing of Zeus and Barclays, we are looking forward to continued success in the international energy markets.”