Memphis-based nexAir has announced the acquisition of the assets and operations of National Balloon & Banner, trading as HICO of Jackson, a 28 year-old helium distributor in Jackson, Mississippi.
nexAir began servicing HICO’s customers as of the transaction closing on 2nd November.
The deal is the latest in a long line of acquisitions in the US distributor business in 2015, and nexAir’s third this year. It bolsters the company’s footprint in central Mississippi, joining nearby locations in Pearl and Louisville, and grants new customers access to the company’s seasoned industry expertise.
In addition to its knowledge of helium and other industrial and specialty gases and welding supplies, nexAir brings expert insight in automation trends and the latest welding procedures.
“The HICO team’s addition will help to further strengthen our existing operations in Jackson and central Mississippi, and we’re anxious to welcome our new customers to the nexAir family,” said Kevin McEniry, CEO at nexAir.
“We’re hopeful that this acquisition will enhance product offerings for customers of both companies.”
nexAir will spend the coming weeks working with its new customers to ensure a smooth transition of services and implementing nexAir’s culture of safety and efficiency across the area.
This focus on the customer is key for Ken Jones, owner of HICO, who added, “We are excited to continue servicing the helium industry in central Mississippi as part of the nexAir team.”
“The combined experience and service offerings of our two companies will help ensure our customers continue to receive the products they need with the customer service they’ve grown to appreciate.”