Gas supplier acquires company
An out-of-state gas company has acquired a local family owned distributor to the food and beverage industries.
Pennsylvania- based Airgas, a supplier of industrial, medical and specialty gases, recently acquired Carbonic Systems, according to Dallas-based Generational Equity last week. The deal closed last summer.
Carbonic Systems, formerly family owned, is a regional distributor of beverage-grade CO2 and food-grade nitrogen, as well as beer gas and oxygen.
Fred Zweifel, an SVP at Generational Equity, closed the deal.
“Carbonic Systems’ distribution network provided a strong strategic opportunity for Airgas,” Zweifel said. “Airgas will now be able to provide additional opportunities to an already established regional network.”
Carbonic will continue to act as a local company and retain its current management staff.
Generational Equity is a mergers and acquistions advisor.
The firm has serviced clients in food and beverage, construction, technology, automotive, health care and various other industries.