M&A Deal Summary

Airgas Acquires Pain Enterprises

On May 9, 2011, Airgas acquired chemicals company Pain Enterprises

Acquisition Highlights
  • This is Airgas’ 9th transaction in the Chemicals sector.
  • This is Airgas’ 51st transaction in the United States.
  • This is Airgas’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2011-05-09
Target Pain Enterprises
Sector Chemicals
Buyer(s) Airgas
Deal Type Add-on Acquisition

Target

Pain Enterprises

Bloomington, Indiana, United States
Pain Enterprises, Inc. is a producer and distributor of dry ice and carbon dioxide throughout the Midwestern U.S.

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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 53 of 74
Sector (Chemicals) 9 of 13
Type (Add-on Acquisition) 52 of 73
State (Indiana) 2 of 2
Country (United States) 51 of 72
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Conley Gas

La Porte, Texas, United States

Conley Gas Ltd. is a supplier of pure gases to the specialty gas industry. Conley business purifies, repackages, and distributes high-purity hydrocarbons such as methane and ethylene.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 ABCO Gases Welding and Industrial Supply

Waterford, Connecticut, United States

ABCO Gases, Welding and Industrial Supply Co., Inc. is a medical and industrial customers with high-purity gases, liquid gases, specialty gas mixes, protocol gases, as well as industrial welding and cutting equipment, and automated and robotic welding solutions.

Buy -
Mergr

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