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Council Capital exits EspriGas

Council Capital sold its stake in TMG Gases Inc., or EspriGas, an Atlanta-based technology- and data-driven medical and industrial gas company.

An entity affiliated with fellow private equity firm Kaltroco bought the stake for an undisclosed amount.

CEO Mike Walsh, who had invested alongside Council, will remain a significant shareholder in the business.

Council is a Nashville, Tenn.-based lower-middle-market investor focused on healthcare-related companies.