Harris Williams Advises Tech Air on Its Pending Sale to Airgas, an Air Liquide Company
February 06 2019 - 4:23PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising Tech Air,
a portfolio company of CI Capital Partners LLC (CI Capital), on its
pending sale to Airgas, an Air Liquide company. Tech Air is a U.S.
distributor of industrial and medical gases, welding supplies and
related equipment. The transaction is being led by Giles Tucker,
Eric Logue, Graham Rives and Chuck Walter of Harris Williams’
Industrials Group and Bob Baltimore of the firm’s Specialty
Distribution Group.
Founded in 1935, Tech Air is a leading packager and distributor
of industrial, medical and specialty gases, welding equipment and
supplies. The company is headquartered in Danbury, Connecticut,
serves more than 45,000 customers and operates approximately 50
locations in California, Texas, the Northeast and Southeast.
CI Capital is a leading North American private equity investment
firm that has invested in middle market companies since 1993. CI
Capital forms partnerships with experienced management teams and
entrepreneurs to build substantial businesses through add-on
acquisitions, organic growth and operational improvements. Since
inception, CI Capital and its portfolio companies have made over
315 acquisitions representing approximately $10 billion in
enterprise value.
Airgas is a leading U.S. supplier of industrial, medical and
specialty gases, as well as hardgoods and related products; one of
the largest U.S. suppliers of safety products; and a leading U.S.
supplier of ammonia products and process chemicals. Dedicated to
improving the performance of its more than 1 million customers,
Airgas safely and reliably provides products, services and
expertise through its more than 18,000 associates, over 1,400
locations, robust e-Business platform and Airgas Total Access®
telesales channel. As an Air Liquide company, a world leader in
gases, technology and services for industry and health, Airgas
offers customers an unrivaled global footprint and industry leading
technology and innovations.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams’ Industrials Group has experience across a
variety of sectors, including advanced manufacturing; aggregates,
metals, and mining; building products; chemicals and specialty
materials; industrial technology; and packaging. For more
information on the firm’s Industrials Group and other recent
transactions, visit the Industrials Group’s section of the Harris
Williams website.
Harris Williams’ Specialty Distribution Group has experience
across a variety of sectors, including automotive and heavy duty
aftermarket; building products; consumer; electrical and
communications; foodservice; healthcare; industrial; and
technology. For more information on the firm’s Specialty
Distribution Group, visit the Specialty Distribution Group’s
section of the Harris Williams’ website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20190206005747/en/
Katie Langemeier, associate brand manager+1 (804) 648-0072
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