Tech Air, a Danbury, Connecticut-based distributor of
industrial, medical, and specialty gases and related welding
supplies, said Tuesday that it would acquire Pennsylvania-based
Dressel Welding Supply.
Tech Air is owned by CI Capital Partners and the
This transaction signifies our continued strategy of
growth through selective acquisitions of key regional
distributors, said Myles Dempsey, Jr., CEO of Tech Air.
Dressel will serve as a strategic entry point into the
highly attractive Central Pennsylvania and Northern Maryland
The combination with Tech Air is an outstanding result
for Dressels customers and employees, as well as for the
Skehan family," said Tom Skehan, CEO of Dressel. "Our focus on
delivering a high level of customer service and our strong
culture are important values shared with Tech Air. We are
looking forward to this new partnership.
The acquisition of Dressel represents the next step in
Tech Airs buy-and-build strategy in the highly fragmented
US packaged gas sector, said Joost Thesseling, managing
director at CI Capital Partners
Consistent with previous acquisitions, Dressel is
strategic and highly complementary to Tech Airs existing
operations. Tech Air continues to pursue attractive
opportunities like Dressel to add to its platform.
Officials did not disclose the deal's value or its expected