M&A Deal Summary

Airgas Acquires Aeriform

On September 1, 2006, Airgas acquired distribution company Aeriform from American Capital

Acquisition Highlights
  • This is Airgas’ 23rd transaction in the Distribution sector.
  • This is Airgas’ 25th transaction in the United States.
  • This is Airgas’ 3rd transaction in Texas.

M&A Deal Summary

Date 2006-09-01
Target Aeriform
Sector Distribution
Buyer(s) Airgas
Sellers(s) American Capital
Deal Type Add-on Acquisition

Target

Aeriform

Houston, Texas, United States
Aeriform Corp. is a petroleum marketing, distribution and convenience store company in the Midwest.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Airgas

Radnor, Pennsylvania, United States

Category Company
Founded 1982
Sector Chemicals
Employees17,000
Revenue 5.3B USD (2016)
DESCRIPTION
Airgas distribution facility in Duluth, Minnesota.
Airgas distribution facility in Duluth, Minnesota.

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.


DEAL STATS #
Overall 25 of 74
Sector (Distribution) 23 of 56
Type (Add-on Acquisition) 25 of 73
State (Texas) 3 of 12
Country (United States) 25 of 72
Year (2006) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Byrne Specialty Gases

Seattle, Washington, United States

Byrne Specialty Gases, Inc. is a distributor of specialty gases, related equipment, and cryogenic storage systems for the life sciences sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Southern Welding Supply

Alabama, United States

Southern Welding Supply, Inc. is an industrial gas and welding supply distributor.

Buy -

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 49 of 194
Sector (Distribution) 1 of 5
Type (Add-on Acquisition) 25 of 87
State (Texas) 5 of 15
Country (United States) 48 of 186
Year (2006) 18 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-28 BC Natural Foods

Petaluma, California, United States

BC Natural Foods LLC is an integrated producer, distributor and marketer of organic and natural fresh chicken meat. It was the first company to sell chicken with the U.S. Department of Agriculture certification for organic poultry, trademarked as Rosie the Organic Chicken.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 Jones Stephens

Moody, Alabama, United States

Jones Stephens Corp. is a value added designer, manufacturer, marketer, and distributor of specialty plumbing products, primarily serving plumbing wholesalers, do-it-yourself (“DIY”) retailers and hardware stores. Jones Stephens offers its products under the well-respected Jones Stephens™ and PlumBest® brand names. The Company’s products are used in repair, remodel and new construction applications within both the residential and commercial markets.

Sell -