Meritus Gas Partners, New York, N.Y., a portfolio company of AEA Investors Small Business Private Equity, has acquired OXARC Inc.
OXARC, headquartered in Spokane, Wash., is an independent distributor of industrial and specialty gases, welding and safety supplies. OXARC has 20 locations across Washington, Oregon and Idaho.
“OXARC represents a platform opportunity for Meritus to serve the Pacific Northwest, one of the most diverse and growing economies in the country,” said Scott Kaltrider, Meritus Executive Chairman. “OXARC’s footprint is vast, and its expansive bulk and packaged gas capabilities are unique for a distributor. OXARC is poised for extraordinary growth, and we are looking forward to supporting Jenna, Jason and their employees on this path.”