Home » Valley National Gases Agrees to Buy Portland Welding Supply
Valley National Gases Agrees to Buy Portland Welding Supply
December 21, 2007
Valley National Gases, LLC, Washington, PA, has agreed to acquire Portland Welding Supply, an industrial gas and welding supply and tool distributor with annual sales in excess of $30 million, 11 operating locations, and 130 employees throughout Maine and New Hampshire.   ; The acquisition expands Valley's presence in New England. It is the third purchase since CI Capital Partners (formerly known as Caxton-Iseman Capital) bought the company in February 2007.   ; Valley National Gases is a packager and distributor of industrial, medical and specialty gases, welding equipment and supplies, propane and fire protection equipment. Valley National Gases operates 78 locations in sixteen states, with eight production and distribution centers in the eastern U.S.