Meritus Gas Partners announces three strategic acquisitions | Acquisitions

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Meritus Gas Partners (Meritus) has announced the successful completion of three acquisitions by its platform operating companies in May 2024. The financial terms of these deals were not disclosed.

High Precision Gas, headquartered in Santa Fe Springs, California, has acquired the assets of EcoGreen Industries effective May 1, 2024. Founded in 2013 and based in Anderson, CA, EcoGreen supplies pure and blended hydrocarbon gases, ethanol and equipment to the cannabis and hemp extraction industries.

OzArc Gas Equipment & Supply, Inc. (OzArc), based in Cape Girardeau, Missouri, has acquired the retail propane assets of Island Energy, Inc., a supplier of bulk and cylinder propane in Paragould, Arkansas. The transaction, completed on May 13, 2024, allows Ozarc to expand its retail propane business into northeastern Arkansas.

Spokane, Washington-based OXARC completed its acquisition of Gem State Welders Supply, Inc. earlier this month. (Avg State) off. Founded in 1966 and based in Twin Falls, Idaho, Gem State is an independent distributor of industrial gases, welding and safety supplies serving southern Idaho. William Watt, Gem State’s leader, will remain with the company for a transition period following the acquisition.

Commenting on the acquisitions, Meritus Chairman Scott Kaltrider said: “Our platform companies have the infrastructure, scale and management breadth to execute additional acquisitions in their respective markets, and we encourage and support them to do so.”

“EcoGreen, Island Energy and Gem State have excellent reputations in the regions they serve and will expand the capabilities and geographic reach of our partner companies.”

In March of this year, two South Dakota-based gas and welding supplies distributors, A-OX Welding and A&B Welding Supply, joined Meritus – a move that A&B President Michael Elliot says will “help us accelerate our growth and to meet the challenges’. we are confronted’.

A week later, Meritus announced it was partnering with California distributor of packaged gases and welding supplies Advanced Gases & Equipment.

According to Mike Hamilton, owner and president of Advanced Gases & Equipment, the decision to join the company was made following the death of its founder in 2023.

“We chose to work with Meritus to preserve our company’s brand and legacy and to be part of a larger, more diversified company,” he said.