Announced
Completed
Financials
Tags
Single Bidder
Private
United States
Acquisition
gas supplies
Gas Distribution
Domestic
Completed
Majority
Friendly
Private Equity
Synopsis
AEA Investors-backed Meritus Gas Partners, a packaged gas company, completed the acquisition of OXARC, a distributor of industrial and specialty gases, welding and safety supplies. Financial terms were not disclosed. "OXARC represents a platform opportunity for Meritus to serve the Pacific Northwest, one of the most diverse and growing economies in the country. OXARC's footprint is vast and its expansive bulk and packaged gas capabilities are unique for a distributor. OXARC is poised for extraordinary growth, and we are looking forward to supporting Jenna, Jason and their employees on this path," Scott Kaltrider, Meritus Chairman.
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