Airgas Inc. announced today that it is buying Energy Safety Services Inc, a provider of rental safety equipment and safety services based in Phoenix and operating as Oilind Safety which generated about $21m in revenues in 2007, according to an Airgas release.
The transaction is expected to be completed by 1st July and result in the acquisition operating as a stand-alone company, within a new Airgas organisation that includes construction and rental businesses.
Airgas, a distributor of industrial, medical and specialty gases and other industrial products, noted that it intends to offer employment to more than 200 Oilind Safety associates working in 16 locations, primarily in the western US.
Meanwhile, effective as of 1st June Airgas is promoting Jack Appolonia to the position of Vice President of construction and rental businesses, reporting to Mike Molinini, Executive Vice President and COO. Appolonia had been an area Vice President within Airgas East since August 2004, overseeing eastern Pennsylvania and southern New Jersey.
“Jack helped develop the business model for the first construction branch in Philadelphia more than two years ago and has worked with many leading contractors in his area,” says Molinini.
“He and his new team, with the addition of Oilind Safety, will help us take our construction business to the next level.”