Meritus Gas partner operating companies High Precision Gas, High Precision Gas and OXARC have acquired distributors to expand capabilities.
Three of Meritus Gas Partners‘ platform operating companies closed add-on acquisitions of gas distributors in May.
The deals, of which the financial terms were not disclosed, include:
- High Precision Gas, headquartered in Santa Fe Springs, CA, acquired the assets of EcoGreen Industries, effective May 1. Founded in 2013 and based in Anderson, CA, EcoGreen is a supplier of pure and mixed hydrocarbon gases, ethanol and equipment to cannabis and hemp extractors.
- OzArc Gas Equipment & Supply, based in Cape Girardeau, MO, acquired the retail propane assets of Island Energy, a bulk and cylinder propane supplier located in Paragould, AR. The transaction closed on May 13, 2024. Ozarc will operate from this location, expanding its retail propane presence into northeastern Arkansas.
- OXARC, based in Spokane, WA, acquired the assets of Twin Falls, ID-based Gem State Welders Supply, effective June 1. Founded in 1966, Gem State is an independent distributor of industrial gases, welding and safety supplies serving the southern Idaho region. Gem State is led by William Watt, who will remain with the business for a transition period following the transaction.
“Our platform operating companies have the infrastructure, scale and management breadth to execute add-on acquisitions in their respective markets, and we encourage and support them to do so,” Meritus’ Chairman Scott Kaltrider said in a June 4 news release. “EcoGreen, Island Energy and Gem State have excellent reputations in the regions they serve and will expand our partner operating companies’ capabilities and geographic reach.”
Earlier this year, Meritus acquired two industrial gas and welding supply distributors in South Dakota, and partnered with two packaged gas and welding supply distributors in California and Texas.
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Vesna Brajkovic
Vesna Brajkovic is MDM’s Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
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