Chamber stands as beacon of support in Hertford firm’s buyout move

The new owner of a growing Hertford firm has spoken of the steadfast support he received from the Hertfordshire Chamber of Commerce during the buyout process. Mark Asker has taken ownership of Air Energy Limited, having been Managing Director of the company, originally owned by his father-in-law since 2019.

new connections for local businesses through its ‘Let’s Keep the Heart in Hertfordshire’ campaign.

Mark said: “Everyone I have consulted with during the process has been from the Chamber, from structuring the deal to how I go about getting the finance.

From the very start of the transition, Mark received assistance from the Chamber and its members. Since 2021, the Chamber has remained committed to creating

“In the early days, I had a meeting with Peter Smits from Ashbourne Insurance in Hoddesdon about working in a family business and why he himself decided he wanted to buy out the family business.

“It really helps to have people around you who have been through the same thing.

“I also had great contacts at Azets Accountants and Longmores Solicitors, both based in Hertford. I met them all through networking at the Chamber.

“For anyone considering a similar move, I would advise them to surround themselves with people who can provide advice and support in helping the process run as smoothly as possible.”

Founded in 2002, Air Energy supplies, installs and maintains compressors, vacuum pumps and parts. The firm has quadrupled in size with a current annual turnover of £4m and boasts 25 per cent year-on-year growth since 2019.

The Chamber noted that Mark is not only helping shape the trajectory of Air Energy but also contributing to the prosperity of the local economy.

Chamber CEO Julian Carter said: “As a pillar of the local business community, the Chamber recognises the significance of this exciting move for Air Energy and its potential impact on our economic landscape.

“We remained fully engaged during their journey in providing resources, expertise and networking opportunities to ensure a smooth transition that benefited all stakeholders involved.”