Meritus Gas Partners Acquires East Bay Welding Supply, Gulf Coast Gas & Equipment and City Carbonic
October 9, 2024
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.
- Targets
- East Bay Welding Supply, Gulf Coast Gas & Equipment, City Carbonic
- Sellers
- Steve Evans, Rick Lindgren, Robert Poulter, Brent Lacy, Morgan family (City Carbonic)
- Platforms
- Meritus Gas Partners
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Addon
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