Danbury, CT - Tech Air, a distributor of industrial, medical, and specialty gases and related welding supplies, announced that it has acquired New York-based Endweld Supply Corporation (“Endweld”) of Johnson City. Tech Air is owned by CI Capital Partners and Tech Air management.
Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, “This transaction underscores our continued strategy of growth through selective acquisitions of high-quality regional distributors. Endweld is a first-rate welding and gas distributor that serves as a strategic entry point into the highly attractive NY southern tier market. Adding Endweld positions Tech Air well to serve customers from a broadened geographic footprint.”
“The sale to Tech Air is an outstanding result for the customers and employees of our company," said Tom Caminiti, owner of Endweld. "Our focus on delivering a high level of customer service and our strong culture are important values shared with Tech Air.”
Joost Thesseling, Managing Director at CI Capital Partners, said, “The acquisition of Endweld is Tech Air’s sixth add-on acquisition. We continue to see attractive acquisition opportunities as Tech Air is building a reputation as a well-capitalized, credible buyer. Our flexible approach allows us to structure partnerships with business owners which achieve their objectives, including opportunities to participate in Tech Air’s success.”
