A consortium led by Australian bank Macquarie has bought ASI Holding Corp, a US tyre inflation company, from buyout firm Wind Point Partners for $420m (€332m).

The Macquarie Capital Alliance Group, the bank's private equity arm, is leading the transaction of ASI, which trades as AIR-serv and owns 60,000 tyre inflation machines on garage forecourts in the US, Canada and the UK. The company has seen revenues rise by 268% since 2000, thanks partly to more than 25 roll-up acquisitions.