Meritus Gas Partners, New York, N.Y., a portfolio company of AEA Investors Small Business Private Equity focused on assembling a national network of high-quality independent distributors, acquired Applied Gas.
Applied Gas, headquartered in Danbury, Texas, manufactures and distributes specialty gases and specializes in multi-component hydrocarbon gas mixtures. Founders and Co-Presidents, Burke Pleason and David Redick will continue to lead the business.
“We are excited to welcome Burke and David and their dedicated employees into the Meritus family,” said Meritus’ Chairman, Scott Kaltrider. “Applied Gas has earned the reputation as the Gulf Coast’s premier supplier of highly customized gas mixtures critical to the sustained operations of olefin plants. Applied Gas has longstanding, stable relationships with its customers because of their expertise and exceptional service levels.”
“Applied Gas serves a complex sector of the specialty gas market, and our customers demand the highest standards of quality,” said Burke Pleason, Co-President of Applied Gas. “We are passionate about partnering with them and addressing their technological needs. Meritus will help Applied Gas expand our capabilities as well as our geographic reach. We will supply the Meritus family of companies with our products and support our new partners and their customers’ growth.”