M&A Deal Summary

Airgas Acquires Priority Energy Services

On July 20, 2015, Airgas acquired energy services and equipment company Priority Energy Services

Acquisition Highlights
  • This is Airgas’ 1st transaction in the Energy Services and Equipment sector.
  • This is Airgas’ 68th transaction in the United States.
  • This is Airgas’ 2nd transaction in Louisiana.

M&A Deal Summary

Date 2015-07-20
Target Priority Energy Services
Sector Energy Services and Equipment
Buyer(s) Airgas
Deal Type Add-on Acquisition

Target

Priority Energy Services

Covington, Louisiana, United States
Priority Energy Services LLC is a nitrogen services company

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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 70 of 74
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 69 of 73
State (Louisiana) 2 of 3
Country (United States) 68 of 72
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-17 Weldinghouse

Corpus Christi, Texas, United States

Weldinghouse, Inc. is an industrial gas and welding supply distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Monroe Welding Supply

Monroe, Louisiana, United States

Monroe Welding Supply, Inc. is a gas and welding distributor.

Buy -