New York-based Meritus Gas Partners has acquired Oxygen Service Company (OSC) as part of their initiative to expand its national network of independent industrial, medical and specialty gas, welding and safety supply distributors.
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OSC is an employee-owned industrial distributor of packaged gases and welding supplies, headquartered in Saint Paul, Minn., with nine locations throughout Minnesota and Wisconsin.
“OSC has a well-earned reputation for customer service and quality and a demonstrated record of strong organic growth, the products of a well-articulated, multi-faceted vision and strategic plan ingrained throughout the organization by a sophisticated leadership team. OSC’s continued success is also derived from its existing ESOP structure, which dovetails with Meritus’ commitment to deep employee ownership,” said Scott Kaltrider, Meritus chairman.
The acquisition will further expand Meritus’ geographic footprint in the U.S. Midwest.
The financial terms of the transaction were not disclosed.
Meritus is a portfolio company of AEA Investors Small Business Private Equity.
