Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies, has acquired Speed Industrial Supply (Speed) of Kemah, Texas, along with two other companies.
Speed is a distributor of industrial and welding supplies serving the Galveston Bay area near Houston, Texas. Terms of the transaction were not disclosed. Tech Air is owned by CI Capital Partners and Tech Air management. The add-on acquisition of Speed is Tech Air’s 26th add-on acquisition under CI Capital’s ownership.
As a distributor of supplies to large industrial welding and maintenance companies serving the heavy industrial sector, such as oil rigs and refineries, Speed plays an important role in the region’s industrial value chain. The acquisition of Speed provides Tech Air a base from which to launch a new regional operation in the Houston area, and continues Tech Air’s geographic expansion throughout the United States. Earlier this year, Tech Air completed the acquisition of Leeper Brothers in California and Colorado Distributing in Colorado. Both acquisitions strengthened Tech Air’s position in those respective states.
In February, Tech Air acquired Leeper Brothers, a distributor of medical gases located in North Hollywood, California. Leeper Brothers was founded in 1978 and sells various gases used by dentists and oral surgeons (i.e., oxygen (O2), nitrous oxide (N2O), helium (He), nitrogen (N2), etc.). The acquisition of Leeper Brothers was Tech Air’s fifth in California and added medical gas services to the company’s already strong industrial and specialty gas businesses.
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