Airgas has announced it has acquired the assets and operations of two core industrial gas and welding supply distributors that complement the Airgas portfolio of products and services.
Combined annual revenues for the two acquired businesses are more than $30m. Financial terms of the transactions were not disclosed.
Effective December 31st 2012, Airgas USA acquired the assets and operations of Metroplex Service Welding Supply. Metroplex locations in Fort Worth, Decatur, Gainesville, Burleson, and Mineral Wells, Texas, and 47 associates are now part of Airgas’ Southwest region.
Effective December 31st 2012, Airgas USA, acquired the assets and operations of Excel Welding and Industrial Supplies. Excel’s Philadelphia, Pennsylvania, location and 10 associates are now part of Airgas’ East region.
“Acquiring Metroplex and Excel will help to further increase our density and strengthen our competitive position in each of these geographies. We’re very pleased to have these new employees and loyal customers join the Airgas family,” said Les Graff, Airgas Senior Vice President of Corporate Development.
“Growth through acquisition remains an important complement to our organic growth story, and we look forward to continuing to enhance our integrated product and service offering to customers through the acquisition of both core and adjacent product and service businesses in the future.”
Since the beginning of its fiscal year, Airgas has acquired 15 businesses with aggregate annual revenues of more than $94m.