Meritus Gas Partners (AEA-backed) Acquires Assets of Taronis Fuels
February 22, 2023
Meritus Gas Partners, a platform backed by private equity firm AEA Investors, has acquired the assets of Taronis Fuels in a §363 bankruptcy sale. Capstone Partners advised the debtor; the buyer will retain the company’s employees (saving more than 40 jobs) and integrate Taronis’ industrial, medical, specialty and beverage gas manufacturing and welding-supply distribution capabilities into its national packaged-gas platform.
- Buyers
- Meritus Gas Partners, AEA Investors
- Targets
- Taronis Fuels
- Sellers
- Taronis Fuels
- Platforms
- Meritus Gas Partners
- Industry
- Industrial Services
- Location
- Arizona, United States
- Transaction Type
- Addon
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