Valley National Gases, LLC has announced ambitious agreements to acquire both General Welding Supply and its affiliates, and the L.P. Gas Company of West Virginia.
A distributor of industrial, medical, and specialty gases, bulk propane, and welding supplies, General Welding Supply operates locations in Martins Ferry, Dover, and Ashtabula, Ohio, and Erie, Pennsylvania.
L.P. Gas Company is a distributor of propane with one location in Bridgeport, West Virginia and Valley has revealed that it has now completed this acquisition.
Michael Ziegler, Chief Executive Officer (CEO) of Valley National, explained, “Valley National Gases is committed to continuing our strategy of growth through selective, high-quality acquisitions in regions that complement our operations.”
“The acquisitions of General Welding Supply and L.P. Gas Company are a great addition to our existing business in Ohio, Pennsylvania, and West Virginia, and will further enhance our service capabilities throughout the region.”
Joost Thesseling, Principal at CI Capital Partners LLC, affirmed, “Valley National has made eight acquisitions since CI Capital Partners’ acquisition of the company in February 2007. Acquisitions made to date have expanded the company’s territory to include Indiana, Maine, and New Hampshire, and have strengthened existing operations in Pennsylvania, Ohio, and West Virginia.”
“The company plans to continue its strategy of selective acquisitions with the aim of growing into new territories as well as within the areas it already serves.”
Valley National Gases, headquartered in Independence, is the largest privately-held packager and distributor of industrial, medical, and specialty gases, welding supplies and propane.