Posted September 1, 2020

American Welding & Gas acquires Bestway Welding

Matrix Capital Markets Group announced the sale of Medical Gas Supply, doing business as Bestway Welding Supply, to American Welding & Gas.

“The AWG brand is nationally recognized for excellent customer service, loyalty to employees, and above all else operating with integrity. I can’t think of a better partner to help Bestway’s employees usher in this next phase of growth,” said Ernest “Cotton” Speed, III, president of Bestway.

Speed acquired Bestway in early 2016 and transformed the business into an established regional player capable of servicing the largest customers in the greater Houston, Texas, area and surrounding regions. 

“We are very pleased to welcome Bestway and their impressive team to AWG. Their focus on service first has provided them great growth in Houston. It also aligns well with our mission of providing productivity solutions for our clients with superior customer service. Together, we have a strong platform for growth in Texas,” said Jason Krieger, president and CEO of AWG.

Headquartered in Raleigh, North Carolina, AWG operates 78 retail locations and 18 fill plants stretching from Montana to Florida.