Cryogenic Industrial Solutions (CIS) has been busy diversifying its product and service offerings over the last couple of years. Organic growth includes new and repairs services for bulk, microbulk and liquid cylinders, as well as diversification into Nitrogen Services with the acquisition of Integrity Gas Services (IGS).
CIS has provided new equipment and rehabilitation services of cryogenic transport trailers and ISO containers since its subsidiary’s inception in 1993. After changing ownership in 2018, CIS quickly transitioned into providing additional new, repair and leasing offerings of cryogenic bulk tanks, microbulk tanks, microbulk delivery trucks, portable tanks and liquid cylinder repairs.
The cryogenic equipment provider’s next development was the acquisition of IGS in Q4 2021. IGS offers a wide range of Nitrogen Services solutions from locations in Houston, Oklahoma and Indiana. With highly customizable solutions, IGS provides any combination of nitrogen pumping, transportation, and mobile storage across the country.
“Our goal is to provide as many cryogenic equipment and services as possible to help support our customers solve problems. Because we provide new, refurbished and lease options with a highly diversified product and services offering, we are uniquely positioned to provide complete value chain solutions.” Jim Payne, Vice President of Business Development at CIS, told gasworld.
The IGS deal came amid a busy time for the CIS’ cryogenic equipment team. The influx of hospitalizations caused by the coronavirus (Covid-19) pandemic over the last 15 months drove an increase in demand of liquid oxygen equipment.
“As the demand for liquid oxygen spiked, so did the need for creative solutions for cryogenic transportation and storage. We worked hard with our industry partners to come up with unorthodox ways to solve some very complex and challenging problems. We have done everything from ramp up new equipment production to modifying our mobile storage lease fleet in an effort to support our customers through very challenging times.” Payne said.