Medical Gas Supply, LLC d/b/a Bestway Welding Supply has been sold to American Welding & Gas, Inc, according to an announcement from independent investment bank Matrix Capital Markets Group, Inc.

AWG, headquartered in Raleigh in North Carolina, is one of the largest independent distributors of industrial, medical and specialty gases in the US and operates 78 retail locations and 18 fill plants stretching from Montana to Florida.

Houston-based Bestway Welding Supply provides industrial, welding and bulk industrial gases that was established in 2012.

Jason Krieger, President and CEO of AWG, said, “We are very pleased to welcome Bestway and their impressive team to AWG. Their focus on service first has provided them great growth in Houston. It also aligns well with our mission of providing productivity solutions for our clients with superior customer service. Together, we have a strong platform for growth in Texas.”

Ernest “Cotton” Speed, III, President of Bestway, said, “The AWG brand is nationally recognised for excellent customer service, loyalty to employees, and above all else operating with integrity. I can’t think of a better partner to help Bestway’s employees usher in this next phase of growth. The team at Matrix has been exceptional in every respect. The level of service and support I received was incredible, and they were able to create immense value for my business during the transaction process.”