Tech Air acquires Geneva Gas & Supply
Tech Air has acquired Los Angeles-based Geneva Gas & Supply Inc.
Tech Air, a Conn.-based distributor of industrial, medical, and specialty gases and related welding supplies, is owned by CI Capital Partners and Tech Air management.
Geneva Gas & Supply is a distributor of industrial gas and welding supplies in the Los Angeles area. The company, which was founded in 2010, serves a wide range of customers and industries. Geneva will become part of Tech Air of California and the former owners, Glen Irving and Jack Storm, will continue to be employed by the company. Irving will serve as president of Tech Air of California. Geneva is Tech Air's seventh add-on acquisition in the last 12 months, and the thirteenth add-on acquisition since CI Capital acquired the company in partnership with Tech Air's management in 2010. Tech Air now operates through 29 branch and fill plant locations and serves customers in the Northeast, Southeast, Southwest and West.
Myles Dempsey Jr., chief executive officer of Tech Air, said, "We are excited to announce the addition of Geneva Gas & Supply to the Tech Air family of companies. Glen Irving has built a tremendous team that will help us take advantage of market opportunities in the Los Angeles area. In a relatively short time, Geneva has established a track record of growth and will benefit from Tech Air's commitment of growth capital, access to a broad base of suppliers and administrative and operational support. We remain committed to our strategy of acquiring high quality regional distributors throughout the continental United States and are actively seeking additional acquisitions."
Additionally, in May 2015, Tech Air completed the acquisitions of New York-based distributors of industrial gases Prest-O-Sales & Service Inc. and Prest-O-Peconic Inc. These acquisitions were previously announced in February 2015.
INDUSTRIAL SUPPLY MAGAZINE
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