The 2020 Mid-Year Economic Update_long

Private Equity Firm to Buy Valley National Gases for $312M

Caxton-Iseman Capital, a New York-based private investment firm, has agreed to acquire Valley National Gases Incorporated for about $312 million.

Founded in 1958, Valley National is an independent U.S. distributor of industrial, medical and specialty gases delivered in packaged or cylinder form, related welding equipment and supplies, and non-pipeline propane. The company serves more than 225,000 industrial, commercial and residential customers through 75 branches in 14 Eastern and Midwestern states. Valley National had revenue of $220 million in the 12 months ended Sept. 30, 2006, and employs about 750 people.

Frederick J. Iseman, managing partner of Caxton-Iseman, said: ‘Valley National Gases is an outstanding growth platform in the gas distribution sector. The company supplies products to a varied customer base that demands a strong commitment to customer service and support. It has performed well throughout economic cycles and established a strong position in the consolidating industrial gas and propane sectors. We are investing because we believe Valley National is well positioned to expand in its existing markets and enter new geographies through strategic acquisitions and internal growth.’

This is Caxton-Iseman’s first venture in the industrial gas and welding supply business.

Caxton-Iseman Capital’s portfolio companies include Ply Gem Industries, Inc., a manufacturer of vinyl and aluminum building products; Buffets, Inc., the nation’s largest buffet restaurant chain; Electrograph Systems, Inc., a national distributor of display technology solutions; American Residential Services, LLC, a provider of HVAC and plumbing services; and Prodigy Health Group, Inc., a health care services company. Caxton-Iseman’s companies have combined revenues of $5 billion.

More Breaking News

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.