Airgas - M&A Summary, Ownership, and Business Overview

ChemicalsCompany

Airgas M&A Summary

Airgas has acquired 74 companies of its own, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Airgas’ largest acquisition to date was in 2007, when it acquired Linde Gas USA for $310M. It’s largest disclosed sale occurred in 2005, when it sold Rutland Tool & Supply to Distribution Solutions Group for $15M. Airgas has acquired in 28 different US states, and 3 countries. The Company’s most targeted sectors include distribution (76%) and chemicals (18%).

Airgas Ownership

Who owns Airgas?

Airgas is owned by L Air Liquide S.A.. It was acquired on November 17, 2015.

Airgas Business Overview

Where is Airgas headquartered?

Airgas is headquartered in Radnor, Pennsylvania.

What is Airgas’ revenue?

Airgas disclosed revenue of 5,314M USD for 2016 and 5,304M USD for 2015.

How many employees does Airgas have?

Airgas has 17,000 employees.

What sector is Airgas in?

Airgas is a chemicals company.

When was Airgas founded?

Airgas was founded in 1982.

M&A Summary

  • M&A Total Activity75
    • M&A Buy Activity74
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6

Airgas

Airgas, Inc.

259 North Radnor-Chester Road, Suite 100,
Radnor, Pennsylvania 19087
United States,
(610) 687-5253
www.airgas.com

Airgas is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products. Airgas produces atmospheric gases with 16 air separation plants, carbon dioxide, dry ice, and nitrous oxide, as well as supplies safety products, and refrigerants, ammonia products, and process chemicals. Approximately 17,000 associates work in more than 1,100 locations, including branches, retail stores, gas fill plants, specialty gas labs, production facilities and distribution centers. Airgas also markets its products and services through e-Business, catalog and telesales channels.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 74 - - - - - 74
vol $510M $510M
Sell (0.0/yr) # 1 - - - - - 1
vol $15M $15M
  75

Most Recent M&A

Company Date Value Type
Tech Air 2019-02-12 - Add-on Acquisition
Danbury, Connecticut · www.techair.com
Weiler Welding Co., Inc. 2018-04-30 - Add-on Acquisition
Moraine, Ohio · www.weilerwelding.com
Monroe Welding Supply, Inc. 2016-06-16 - Add-on Acquisition
Monroe, Louisiana · www.monroewelding.com
Clark Industrial Supply, Inc. 2016-06-16 - Add-on Acquisition
Pottstown, Pennsylvania · www.clarkindustrialsupply.com
Priority Energy Services LLC 2015-07-20 - Add-on Acquisition
Covington, Louisiana · www.priorityenergyllc.com
Weldinghouse, Inc. 2015-07-17 - Add-on Acquisition
Corpus Christi, Texas · www.weldinghouse.com
Valley Air Supply, Inc. 2015-05-12 - Add-on Acquisition
Muscle Shoals, Alabama · www.valleyairsupply.com
Team Welding Ltd. (dba Technical Alloy & Industrial Gas) 2014-06-16 - Add-on Acquisition
Houston, Texas · www.technicalalloy.com
Welding & Therapy Service, Inc. 2014-03-04 - Add-on Acquisition
Louisville, Kentucky · www.weldingandtherapy.com
The Encompass Gas Group, Inc. 2013-10-31 - Add-on Acquisition
Rockford, Illinois · www.encompassgas.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 56 (76%) 200M (39%) 1 (100%) 15M (100%)
Chemicals 13 (18%) 310M (61%) - -
Building Materials 1 (1%) - - -
E-Commerce 1 (1%) - - -
Energy Services and Equipment 1 (1%) - - -
Machinery 1 (1%) - - -
Safety/Security 1 (1%) - - -
Total 74 $510M 1 $15M

By Geo

State/Country Buy Value Sell Value
United States 72 510M 1 15M
  California 13 - 1 15M
  Texas 12 - - -
  Alabama 4 - - -
  New York 3 - - -
  Michigan 3 - - -
  Louisiana 3 - - -
  Florida 3 - - -
  Wisconsin 2 - - -
  Washington 2 - - -
  Pennsylvania 2 - - -
  Ohio 2 - - -
  Mississippi 2 - - -
  Kentucky 2 - - -
  Indiana 2 - - -
  Connecticut 2 - - -
  Arizona 2 - - -
  West Virginia 1 - - -
  Utah 1 - - -
  Oregon 1 - - -
  Oklahoma 1 - - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Kansas 1 - - -
  Iowa 1 - - -
  Illinois 1 - - -
  Idaho 1 - - -
  Georgia 1 - - -
Canada 1 - - -
  British Columbia 1 - - -
United Kingdom 1 - - -
Domestic 72 (97%) 510M (100%) 1 (100%) 15M (100%)
Cross-border 2 (3%) - - -
Total 74 $510M 1 $15M

Deal Values

buy # Total
$100M to $1B 2 $510M
TOTAL $510M
Largest Linde Gas USA LLC
$310M (2007-06-30)
sell # Total
< $100M 1 $15M
TOTAL $15M
Largest Rutland Tool & Supply Co., Inc.
$15M (2005-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
3%
2 (3%)
Strategic(s)
4%
3 (4%)
Divested to
Strategic(s)
100%
1 (100%)

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