Airgas Inc. has acquired the assets and operations of Tri-Tech, a Tampa, Florida-based distributor of industrial, medical, and specialty gases and related supplies.
In a move which is sure to strengthen the operations of Airgas South and Airgas National Welders, the deal for Tri-Tech is effective as of 16th November (2009).
The acquired business, with 16 locations throughout Florida, Georgia, and South Carolina, generates approximate annual revenues of $31m.
Twelve of the acquired locations have been integrated into Airgas South, serving customers throughout Alabama, Georgia, Florida, eastern Mississippi and southern Tennessee, and the remaining four have been integrated into Airgas National Welders - serving customers in the Carolinas, eastern Georgia, and southern Virginia.
“We are thrilled to welcome more than 110 Tri-Tech employees to the teams at Airgas South and Airgas National Welders,” said Airgas Executive Vice President and Chief Operating Officer Mike Molinini.
“This is a well-run business with a reputation for exceptional customer service.”
Tri-Tech traces its roots back to 1990 when its president, John Sheehan, founded Air-Tech with two locations in west-central Florida.
Sheehan has 29 years of industry expertise and now joins the management team at Airgas South, with Molinini adding, “John is a strategic and tactical leader who is energetic and actively engaged in the daily operation of the business.”
“This combination adds talent to the Airgas team, and provides the arriving Tri-Tech team with a significant increase in resources for serving customers.”
Sheehan himself was equally enthusiastic about the newly sealed deal and said, “I have thoroughly enjoyed building this business with the outstanding group of Tri-Tech employees and am thankful to our loyal customers for all their support over the years.”
“As we join forces with the industry leader, we enhance our product and service offering to customers and increase our opportunities to grow in the exciting years to come.”
Airgas South and Airgas National Welders are among 12 regional companies within Airgas’ distribution business.