Tech Air acquires two Georgia distributors
Tech Air has acquired Georgia-based Compressed Gases of Augusta and A-L Welding Supply Inc. of Gainesville.
“These transactions signify our continued strategy of growth through selective acquisitions of high-quality regional distributors," said Myles Dempsey Jr., chief executive officer of Tech Air, a Danbury, Conn.-based distributor of industrial, medical, and specialty gases and related welding supplies. "CGA and ALWS serve as strategic entry points into the highly attractive Georgia and South Carolina markets. Adding CGA and ALWS positions Tech Air well to serve customers from a broadened geographic footprint.”
Tech Air is owned by CI Capital Partners and the company’s management.
“The sale to Tech Air is an outstanding result for the customers and employees of our company," said Charles Loveless, owner of CGA. "Our focus on delivering a high level of customer service and our strong culture are important values shared with Tech Air.”
CGA was founded in 1991 and serves customers throughout Northeast Georgia and South Carolina.
ALWS has been in business for 50 years, providing a full-line of welding supplies.
“The acquisitions of ALWS and CGA represent the next step in Tech Air’s buy-and-build strategy in the highly fragmented U.S. packaged gas sector. Tech Air is well capitalized and continues to look for attractive growth opportunities to add to its platform,” said Joost Thesseling, managing director at CI Capital Partners.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
