Praxair - M&A Summary and Business Overview

ChemicalsCompany

Praxair M&A Summary

Praxair has acquired 60 companies. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.

Praxair’s largest acquisition to date was in 2013, when it acquired NuCO2 for $1.1B. It’s largest disclosed sale occurred in 1996, when it sold Statia Terminals Group NV to Castle Harlan for $235M. Praxair has acquired in 21 different US states, and 10 countries. The Company’s most targeted sectors include distribution (57%) and chemicals (21%).

Praxair Business Overview

Where is Praxair headquartered?

Praxair is headquartered in Danbury, Connecticut.

What is Praxair’s revenue?

Praxair disclosed revenue of 10,534M USD for 2016 and 10,776M USD for 2015.

What sector is Praxair in?

Praxair is a chemicals company.

When was Praxair founded?

Praxair was founded in 1907.

M&A Summary

  • M&A Total Activity62
    • M&A Buy Activity58
    • M&A Sell Activity4
  • Total Sectors Invested 8
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 19

Praxair

Praxair, Inc.

39 Old Ridgebury Road,
Danbury, Connecticut 06810
United States,
(203) 837-2000
www.praxair.com

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.


M&A Summary

Buy vs Sell

Year ≤ '11 '12 '13 '14 '15 '16 T
Buy (4.4/yr) # 36 4 4 4 4 6 58
vol $847M $1.1B $1.9B
Sell (0.0/yr) # 4 - - - - - 4
vol $285M $285M
  62

Most Recent M&A

Company Date Value Type
The Welding Center, Inc. 2016-04-21 - Add-on Acquisition
Bedford Park, Illinois
Welder Services, Inc. 2016-04-21 - Add-on Acquisition
Fort Wayne, Indiana
A&B Electric Motors and Supplies, Inc. 2016-04-21 - Add-on Acquisition
, Arizona
Geneva, SA 2016-04-21 - Add-on Acquisition
, Panama
Ossigas S.r.l. 2016-04-21 - Add-on Acquisition
Napoli, Italy · www.ossigas.it
NOxBOX Ltd. 2016-03-02 - Add-on Acquisition
Kent, United Kingdom · www.noxboxltd.com
Tecnogas SA 2015-09-24 - Add-on Acquisition
Callao, Peru · www.tecnogas.com.pe
Yara International - European CO2 Business 2015-09-15 - Divestiture
, Norway
Cryospec, Inc. 2015-07-09 - Add-on Acquisition
San Francisco, California · www.cryospec.com
Garland Welding Supplies, Inc. 2015-07-09 - Add-on Acquisition
Garland, Texas · www.garlandweldingsupply.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 33 (57%) 560M (29%) - -
Chemicals 12 (21%) 1.1B (56%) 1 (25%) 50M (18%)
Medical Products 6 (10%) 287M (15%) - -
Machinery 2 (3%) - - -
Oil/Gas Exploration 2 (3%) - - -
Energy Services and Equipment 1 (2%) - - -
Manufacturing 1 (2%) - - -
Technology Hardware 1 (2%) - - -
Aerospace - - 1 (25%) -
Healthcare Services - - 1 (25%) -
Transportation - - 1 (25%) 235M (82%)
Total 58 $1.9B 4 $285M

By Geo

State/Country Buy Value Sell Value
United States 46 1.4B 2 -
  Texas 11 245M - -
  Ohio 4 - - -
  Indiana 4 - - -
  Illinois 3 - - -
  California 3 - - -
  Michigan 2 - - -
  Kentucky 2 - - -
  Arizona 2 - - -
  Alabama 2 - - -
  Utah 2 42M - -
  Missouri 1 - 1 -
  Connecticut 1 - 1 -
  North Carolina 1 - - -
  New York 1 - - -
  New Hampshire 1 - - -
  Massachusetts 1 - - -
  Georgia 1 - - -
  Florida 1 1.1B - -
  Washington 1 - - -
  Pennsylvania 1 - - -
  Oklahoma 1 - - -
Canada 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
Germany 2 560M - -
United Kingdom 2 - - -
Italy 1 - - -
Mexico 1 - - -
Netherlands Antilles - - 1 235M
Norway 1 - - -
Panama 1 - - -
Peru 1 - - -
Poland - - 1 50M
Russia 1 - - -
Domestic 46 (79%) 1.4B (71%) 2 (50%) -
Cross-border 12 (21%) 560M (29%) 2 (50%) 285M (100%)
Total 58 $1.9B 4 $285M

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $805M
< $100M 1 $42M
TOTAL $1.9B
Largest NuCO2, Inc.
$1.1B (2013-03-01)
sell # Total
$100M to $1B 1 $235M
< $100M 1 $50M
TOTAL $285M
Largest Statia Terminals Group NV
$235M (1996-12-04)

M&A Connections

Deals
Acquired from
Investor(s)
5%
3 (5%)
Strategic(s)
14%
8 (14%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Chemicals

Revenue

10,534   3% 2016
10,776   13% 2015
12,273   3% 2014
11,925   7% 2013
11,224   2012
(millions of USD) Show More Show Less

Established

1907

Leadership

Abhijeet Parmar

Director, M&A

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