The 2020 Mid-Year Economic Update_long

Airgas’ Acquisition History: 400+ in 27 Years

Airgas' acquisitive strategy highlighted in recent analyst presentation.
At its annual analyst meeting in December, industrial gases and hardgoods distributor Airgas, Radnor, PA, provided an interesting chart of its acquisition history from 1987 to the present. The distributor has pursued an aggressive acquisitive strategy that entire time. According to Airgas’ presentation, the distributor has made more than 400 acquisitions in 27 years.

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In the below chart, the distributor had at least one acquisition each year, with most years seeing acquisitions in the teens and twenties. In 2001, the distributor had just one acquisition.

Here’s the chart the distributor presented, publicly available at www.airgas.com.  Click on the graphic below to go to the full slide presentation from AIrgas:

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