Meritus, New York, N.Y., a portfolio company of AEA Investors Small Business Private Equity, announced three new acquisitions, expanding their national network of independent distributors of industrial, medical and specialty gasses and welding and safety supplies.
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The three acquisitions are:
- High Precision Gas, LLC, headquartered in Santa Fe Springs, Calif., acquired the assets of EcoGreen Industries, LLC, effective May 1, 2024. Based in Anderson, Calif., EcoGreen is a supplier of pure and mixed hydrocarbon gases, ethanol and equipment to cannabis and hemp extractors.
- OzArc Gas Equipment & Supply Inc., Cape Girardeau, Mo., acquired the retail propane assets of Island Energy Inc., a bulk and cylinder propane supplier in Paragould, Ark. The transaction closed on May 13, 2024.
- Effective June 1, 2024, OXARC, LLC, based in Spokane, Wash., acquired the assets of Gem State Welders Supply Inc., Twin Falls, Idaho. Gem State is an independent distributor of industrial gases, welding and safety supplies serving the southern Idaho region.
