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New Deal


Announced

Completed

Airgas completed the acquisition of Tech Air.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

specialty gas

Acquisition

United States

Specialty Chemicals

Completed

Single Bidder

Majority

specialty chemicals

Friendly

Synopsis

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Airgas, an Air Liquide company completed its acquisition of CI Capital Partners-backed Tech Air, a distributor of industrial, medical, and specialty gases. Financial terms were not disclosed. "We are grateful to have had the opportunity to support Tech Air CEO Myles Dempsey and his team in its buy-and-build strategy, which allowed Tech Air to become a leading packaged gas distributor. We congratulate the Tech Air management team on their unrelenting commitment to value creation. We wish them and Airgas all the best in the future." Joost Thesseling, CI Capital Managing Director.

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