M&A Deal Summary

Praxair Acquires American Gas Group

On November 1, 2011, Praxair acquired oil/gas exploration company American Gas Group

Acquisition Highlights
  • This is Praxair’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Praxair’s 31st transaction in the United States.
  • This is Praxair’s 4th transaction in Ohio.

M&A Deal Summary
Date 2011-11-01
Target American Gas Group
Sector Oil/Gas Exploration
Buyer(s) Praxair
Deal Type Add-on Acquisition
Advisor(s) League Park Advisors LLC (Financial)

Target

American Gas Group

Toledo, Ohio, United States
website
American Gas Group is one of the largest independent specialty gas producers in North America and packages a variety of specialty gases including EPA Protocols, hydrocarbons, VOC mixtures, reactive mixtures, high-purity chemicals and research-grade gases in addition to industrial and medical gas products.

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Buyer(S) 1

Buyer

Praxair

Danbury, Connecticut, United States

website

Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.

DEAL STATS #
Overall 35 of 58
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 30 of 51
State (Ohio) 4 of 4
Country (United States) 31 of 46
Year (2011) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-06 National Alloy and Equipment

Houston, Texas, United States

National Alloy and Equipment, Inc. is an independent distributor of industrial and specialty gases and ancillary welding equipment, supplies and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-23 Texas Welders Supply

Houston, Texas, United States

TWSCO is the largest independent package gas and specialty gas distributor in Houston, TX and part of Praxair, Inc., a global leader in industrial and medical gases.

Buy -
Mergr

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