Meritus Gas Partners’ strategy to assemble a national network of independent gas distributors has been well-chronicled. The company typically targets large distributors as its anchors in the geographies in which it seeks to grow. These “platform” companies share many of the same traits: a high-quality packaged gas businesses with strong management teams, broad capabilities, and a footprint that could grow with tuck in acquisitions.
When Meritus targeted the Dallas and Houston areas as key areas to plant its flag, it found the landscape was dotted with smaller businesses and lacking a platform acquisition candidate, forcing it to pivot its strategy. Over the course of three years, Meritus has acquired five businesses and is in the process of merging them together to form its platform business in Texas, under the banner Meritus Texas.
“When Meritus approached my sister and me to partner with our family’s business, Mitchell Welding Supply, it had a clear vision in mind,” Rodney Wray, President of Mitchell Welding and the newly formed Meritus Texas, tells gasworld.
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