The 2020 Mid-Year Economic Update_long

Tech Air Acquires Two Companies in TX & CA

Acquisitions give Tech Air entry points into the Texas and California markets.

Tech Air, a Danbury, CT-based distributor of industrial, medical and specialty gases and related welding supplies, has acquired US Oxygen & Supply of Arlington, TX and Specialty Air Technologies (SAT) of Long Beach, CA. Tech Air is owned by CI Capital Partners and Tech Air management.

US Oxygen is a distributor of industrial, specialty and medical gases in the Dallas-Fort Worth area. SAT is a wholesaler of high-purity specialty gases and mixtures with customers throughout the Western United States. These acquisitions give Tech Air entry points into the Texas and California markets. Including US Oxygen and SAT, Tech Air has now completed eight acquisitions since CI Capital acquired the company in 2010.

"The acquisitions of US Oxygen and Supply and Specialty Air Technologies add to Tech Air's growing geographic footprint,” said Myles Dempsey Jr., CEO of Tech Air. “Tech Air now operates through 25 branch and fill plant locations and is serving customers in the Northeast, Southeast, Southwest and West."

Jeff Palmer, co-founder and president of US Oxygen will lead Tech Air's expansion in Texas and has made an equity investment in Tech Air. Mark Straka, president of SAT, will be a consultant with SAT after the acquisition.

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