DANBURY, CT — Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced Tuesday that it has acquired Los Angeles-based Geneva Gas & Supply, Inc. Tech Air is owned by CI Capital Partners and Tech Air management.
Geneva Gas & Supply is a distributor in the industrial gas and welding supply industry in the Los Angeles area, providing high quality pure and mixed gases, along with a broad line of welding, cutting, and safety equipment. The company, founded in 2010, serves a wide range of customers and industries. Geneva will become part of Tech Air of California and the former owners, Glen Irving and Jack Storm, will continue to be employed by the company. Mr. Irving will serve as President of Tech Air of California. Geneva is Tech Air’s seventh add-on acquisition in the last twelve months, and the thirteenth add-on acquisition since CI Capital acquired the company in partnership with Tech Air’s management in 2010. Tech Air now operates through 29 branch and fill plant locations and serves customers in the Northeast, Southeast, Southwest and West.
Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, “We are excited to announce the addition of Geneva Gas & Supply to the Tech Air family of companies. Glen Irving has built a tremendous team that will help us take advantage of market opportunities in the Los Angeles area. In a relatively short time, Geneva has established a track record of growth and will benefit from Tech Air’s commitment of growth capital, access to a broad base of suppliers and administrative and operational support. We remain committed to our strategy of acquiring high quality regional distributors throughout the continental United States and are actively seeking additional acquisitions.”
“The acquisition by Tech Air presents a great opportunity for both employees and customers of Geneva Gas & Supply," said Glen Irving, President of Geneva Gas & Supply. "The access to additional resources provided by Tech Air will help our company to continue its growth in the Los Angeles area, while maintaining the same service excellence our customers expect.”
Additionally, in May 2015, Tech Air completed the acquisitions of New York-based distributors of industrial gases Prest-O-Sales & Service, Inc. and Prest-O-Peconic, Inc. These acquisitions were previously announced in February 2015.
Tech Air operates through 29 branch and fill locations in the Northeast, Southeast, Southwest and West. Tech Air serves more than 10,000 customers in a wide range of industries.
Located in the heart of the San Fernando Valley, Geneva Gas & Supply is an independent family owned industrial gas and welding supply company. Founded in 2010, Geneva Gas & Supply is located in North Hollywood, CA.
