Meritus Gas Partners (Meritus) has announced the successful completion of three acquisitions by its platform operating companies in May 2024. The financial terms of these deals were not disclosed.
High Precision Gas,, headquartered in Santa Fe Springs, California, acquired the assets of EcoGreen Industries, effective 1st May, 2024. EcoGreen, founded in 2013 and based in Anderson, CA, supplies pure and mixed hydrocarbon gases, ethanol, and equipment to the cannabis and hemp extraction industries.
OzArc Gas Equipment & Supply, Inc., (OzArc), based in Cape Girardeau, Missouri, acquired the retail propane assets of Island Energy, Inc., a bulk and cylinder propane supplier in Paragould, Arkansas. The transaction, completed on 13th May, 2024, allows Ozarc to expand its retail propane operations into northeastern Arkansas.
OXARC,, based in Spokane, Washington, finalised the acquisition of Gem State Welders Supply, Inc. (Gem State) earlier this month. Founded in 1966 and located in Twin Falls, Idaho, Gem State is an independent distributor of industrial gases, welding, and safety supplies serving southern Idaho. William Watt, the leader of Gem State, will remain with the company for a transition period post-acquisition.
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