On June 15, Meritus Gas Partners — a national network of independent distributors of industrial, medical, and specialty gases and welding and safety supplies — announced it has acquired specialty gas distributor and manufacturer Global Calibration Gases.
Financial terms of the transaction were not disclosed.
Global Calibration is a Sarasota, Florida-based supplier of calibration gases and custom specialty gas mixtures to independent distributors and major gas producers.
“Though we have been approached many times in the past, Meritus was the only suitor that understood the importance of our wholesale business model,” said Global President Ray Borzio in a news release. “We serve independent distributors with products that are more complex than they likely would ever choose to produce themselves. We look forward to supplying the Meritus federation of companies with our products and supporting our new partners and their customers. Meritus will propel Global’s future growth while keeping our experienced team and culture intact.”
Global specializes in gas products used to calibrate instrumentation, which are supplied to many industries including chemicals and pharmaceuticals, petrochemicals, natural gas, and petroleum refineries, medical diagnostics and research labs, and air quality monitoring.
Meritus’ Chairman Scott Kaltrider said in a news release that Global has a reputation as an industry leader in the supply of EPA protocols (gases used to calibrate air pollution monitors for consistent and reliable emissions monitoring.) These gases are used in power plants, refineries, petrochemical plants, paper mills, and other facilities with an EPA air permit and a smokestack.
Global’s Borzio will remain with the business following the transaction and maintain significant equity ownership in Meritus.
“Moreover, Ray [Borzio] is widely regarded as our industry’s specialty gas guru,” Kaltrider said. “Ray has built more plants and trained more salespeople in specialty gases than perhaps anyone in our industry. We are intent on building out Meritus’ specialty gas capabilities. Ray will play an integral role in developing our specialty gas core competency, which we believe is critical for our partners’ growth.”