L&M Welding Supply, Inc. has been acquired by Tech Air, Inc.
Sale of Welding & Industrial Equipment Distributor
Ironline Advisors acted as exclusive advisor to L&M Welding Supply, Inc. of Mobile, AL, in its sale to Tech Air of Danbury, CT. L&M Welding is a leading distributor of welding supplies and industrial equipment to the military, shipbuilding, and power industries on the Gulf Coast. Tech Air is owned by CI Capital Partners and Tech Air management.
L&M will become part of Tech Air’s Southern Region. L&M is Tech Air’s eighth add-on acquisition in the last twelve months. Tech Air now operates through 30 branch and fill plant locations and serves customers in the Northeast, Southeast, Southwest and West.
About the Companies
Founded in 1935, Tech Air is a leading packager and distributor of industrial, medical and specialty gases, welding equipment and supplies. The company operates through 30 branch and fill locations in the Northeast, Southeast, Southwest and West. Tech Air serves more than 10,000 customers in a wide range of industries. To learn more about Tech Air, please visit www.techair.com.
L&M Welding Supply, Inc.
L&M Welding Supply, Inc., founded in 1980, is a distributor of welding and industrial equipment, hard goods, consumables, and tools, as well as personal protective equipment and related items commonly used in the industrial, construction, manufacturing, shipbuilding, and government/military markets. To learn more about L&M Welding Supply, please visit www.weld-supply.com.
CI Capital Partners LLC
CI Capital Partners LLC, a North American private equity firm, has been investing in middle-market companies since 1993. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Since the firm’s inception, CI Capital and its portfolio companies have made over 150 acquisitions representing approximately $7 billion in enterprise value. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of over $4 billion, EBITDA of over $400 million and employ over 14,000 people. To learn more about CI Capital Partners, please visit www.cicapllc.com.