M&A Deal Summary

L Air Liquide Acquires Airgas

On November 17, 2015, L Air Liquide acquired chemicals company Airgas for 13.4B USD

Acquisition Highlights
  • This is L Air Liquide’s 5th transaction in the Chemicals sector.
  • This is L Air Liquide’s largest (disclosed) transaction.
  • This is L Air Liquide’s 5th transaction in the United States.
  • This is L Air Liquide’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-11-17
Target Airgas
Sector Chemicals
Buyer(s) L Air Liquide
Deal Type Add-on Acquisition
Deal Value 13.4B USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Airgas

Radnor, Pennsylvania, United States
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.

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Buyer(S) 1

Buyer

L Air Liquide

Paris, France
Category Company
Founded 1902
Sector Chemicals
Employees67,778
Revenue 27.6B EUR (2023)
DESCRIPTION
Air Liquide office in Houston, Texas.
Air Liquide office in Houston, Texas.

L'Air Liquide is a global provider of gases. Products include oxygen, nitrogen, hydrogen and specialty gases. L'Air Liquide was formed in 1902 and is based Paris, France.

DEAL STATS #
Overall 23 of 32
Sector (Chemicals) 5 of 6
Type (Add-on Acquisition) 22 of 29
State (Pennsylvania) 2 of 2
Country (United States) 5 of 5
Year (2015) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-26 Baywater Healthcare

Crewe, United Kingdom

Baywater Healthcare is an independent specialist provider of Homecare services to patients with long term conditions, delivering a high-quality, cost-effective solution with a focus on customer service and patient care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 PDP Couriers

Cardiff, United Kingdom

PDP Couriers is a specialist courier for clinical trials, transport of clinical and medical research, and logistics management. Operating globally, PDP provides solutions for time-critical and temperature-sensitive shipments for pre-clinical trial and phase I -IV clinical trial material, clinical trial drugs, and support of managed access programs. PDP Couriers is based in Cardiff, United Kingdom.

Buy -
Mergr

Product

Company

Legal