Yesterday, Airgas, Inc. announced the acquisition of ABCO Gases, Welding and Industrial Supply Company, Inc. (ABCO).
The Connecticut based business serves medical and industrial customers. Furthermore, with locations across North America, in Connecticut, Massachusetts, Rhode Island and New Hampshire, ABCO benefits from more than 100 employees and boasts annual revenues of approximately $35m.
ABCO is a well-trusted family-firm and according to Tony Simonetta, President of Airgas East, its acquisition by Airgas is a “natural and complimentary fit.” The Waterford located company provides high-purity gases, liquid gases, specialty gas mixes, protocol gases, as well as industrial welding and cutting equipment, automated and robotic welding solutions.
Mike Ross, former ABCO President and recent Airgas East management recruit offered his perspective on the deal. “ABCO and its employees have worked hard for the past 90 years to steadily grow this business and earn the respect of customers,” said Ross.
“Founded and owned by the McCourt family since 1921, ABCO employs more than 100 people. Essentially we were a large ‘family’, working as a team to provide the needed solutions for our customers. I’m very proud of everyone at ABCO and what we’ve accomplished. Our values of focusing on and serving the customer and our culture match those of Airgas. We are looking forward to continuing and expanded success as we join forces with the nation’s industry leader in packaged gases,” concluded Ross.
ABCO has now been incorporated into Airgas East. There are 12 ABCO New England locations including retail stores, service centres and a fill plant.
The move even received endorsement from the McCourt’s themselves when David McCourt, former ABCO Owner remarked, “I am quite certain my late father and brother would be pleased, as I am, knowing that the ABCO legacy will continue with Airgas.”
“ABCO and Airgas are quite similar in that both take the time to understand customers’ needs and are passionate in providing simple to complex solutions,” finished McCourt.