Airgas, Inc. today announced that it has reached a definitive agreement to acquire the assets and operations of Houston, TX-based Aeriform Corporation, an independent distributor with 29 locations in Texas, Louisiana, Oklahoma, and Kansas. The companies expect to close the transaction by September 1.
The operations to be acquired have about 240 employees and annual sales of approximately $65 million. About 58% of its revenue comes from gas & rent, with the balance from traditional welding hardgoods.
Airgas will integrate most of the operations into three of its regional companies: Airgas Southwest will integrate 14 sites in Texas, including locations near Houston, Victoria, El Paso, and Lubbock. Airgas Gulf States will integrate seven sites in southern Louisiana and east Texas. Airgas Mid South will integrate two sites in Kansas, and four sites in Oklahoma, and two locations in Shreveport, Louisiana.
As part of the acquisition, Airgas will offer employment to most of the 240 employees of Aeriform affected by the acquisition.