Cordatus Capital Acquires B&J Welding Supply with Capital from Bluehenge Capital Partners

B&J Welding Supply Acquires GM Welding Supply

July 1, 2025

Industrial Services

B&J Welding Supply, backed by Cordatus Capital, acquired GM Welding Supply of San Angelo, Texas, with the combined business operating under the B&J name effective July 1, 2025. The deal expands B&J's West Texas footprint and product offering in industrial and medical gases, propane and welding supplies while retaining GM Welding Supply's local staff and location.

Bluehenge Capital Partners Supports Management Buyout of Alliance Distribution Partners

May 17, 2023

Industrial Services

Bluehenge Capital Partners provided debt financing to support a management buyout of Alliance Distribution Partners, LLC, a Hendersonville, Tennessee-based industrial, welding and specialty retail supplies distributor. The existing management team remains in place and will pursue organic growth opportunities while continuing service to existing customers.

Meritus Gas Partners Acquires Hohenschild Welders Supply

April 13, 2023

Industrial Services

Meritus Gas Partners, a portfolio company of AEA Investors Small Business Private Equity, has entered into a partnership to acquire Hohenschild Welders Supply, a Kansas City-based distributor of packaged gases and welding supplies. The deal expands Meritus' footprint into the Kansas City market and will enable investment in Hohenschild's capabilities and geographic reach; financial terms were not disclosed.

Cordatus Capital Acquires Majority Stake in Red Dot Buildings

March 6, 2025

Manufacturing

Cordatus Capital has made a majority investment in Red Dot Buildings, a Texas-based designer, manufacturer, and erector of complex pre-engineered metal building systems. The partnership will support increased production capacity, expanded product offerings, and geographic expansion while Ted Bush remains CEO and a continuing shareholder.

Meritus Gas Partners Acquires East Bay Welding Supply, Gulf Coast Gas & Equipment and City Carbonic

October 9, 2024

Industrial Services

Meritus Gas Partners, a platform backed by AEA Investors Small Business Private Equity, completed add-on partnerships with East Bay Welding Supply (Martinez/Antioch, CA), Gulf Coast Gas & Equipment (Houston, TX) and City Carbonic (Oklahoma City, OK) to expand its national network of industrial, medical and specialty gas and welding-supplies distributors. Terms were not disclosed; in each deal the existing owners/founders will continue to lead operations and retain equity in the Meritus platform.

Bluejay Capital Partners Acquires Best Warehousing & Transportation

January 5, 2023

Logistics & Distribution

Bluejay Capital Partners has completed its acquisition of Best Warehousing & Transportation Inc., a third-party logistics provider based in Atlanta with 30 locations across 15 states. The transaction was financed with participation from Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank; BWT's CEO Winston McDonald Jr. retains a sizable ownership stake.