Rockford, IL-based The Encompass Gas Group Inc. is the latest company to become part of the Airgas group, after a definitive agreement was reached to acquire its assets and operations.
One of the largest privately-owned suppliers of industrial, medical and specialty gases and hardgoods in the US, Encompass Gas Group brings around $55 million in annual sales (2012).
The company was said to be impressed with Airgas’ own independent roots and ‘can’t think of a better company to entrust with our loyal customers and associates’.
For Airgas, the deal adds 11 locations and more than 130 employees in Illinois, Wisconsin, and Iowa. Executive chairman Peter McCausland said, “The Encompass Gas Group is among the most respected companies in the US packaged gas industry, and we are very excited for their associates and customers to join the Airgas family.”
“Encompass’ leadership team and associates have worked very hard over several decades to grow and service the needs of their diverse customer base. We believe this combination will enhance the quality of service and breadth of product offering available to the customers of both companies.”
The transaction is expected to close on November 1, 2013, subject to regulatory approval and satisfaction of other customary closing conditions.