Tech Air in Danbury Acquires Texas-Based Company

DANBURY, CT — Tech Air, a Danbury-based distributor of industrial, medical, and specialty gases and related equipment and supplies, announced today that it has acquired Speed Industrial Supply of Kemah, Texas. Speed is a distributor of industrial and welding supplies serving the Galveston Bay area near Houston. Terms of the transaction were not disclosed.

"The acquisition of Speed provides Tech Air a base from which to launch a new regional operation in the Houston area, and continues Tech Air's geographic expansion throughout the United States," Tech Air said in a release.

In February, Tech Air acquired Leeper Brothers, a distributor of medical gases located in North Hollywood, California. Leeper Brothers sells various gases used by dentists and oral surgeons (i.e., oxygen, nitrous oxide, helium, nitrogen, etc.). The acquisition of Leeper Brothers was Tech Air's fifth in California and added medical gas services to the company'sportfolio of industrial and specialty gas businesses.

In April, Tech Air acquired Colorado Distributing, of Denver, Colorado. Colorado Distributing is a hardgoods business with primarily power and utilities customers. The acquisition complements Tech Air's existing Gases and Arc operations in Colorado, established through acquisition in 2017.

Myles Dempsey, Jr., CEO of Tech Air, said, "We are very pleased with Tech Air's expansion through the acquisition of such high quality business. Speed has a well-established reputation and strategic value in the attractive Galveston-Houston area and we look forward to building on this acquisition in the region. Colorado Distributing builds upon our growth strategy in that state and strengthens our service offerings. The acquisition of Leeper Brothers greatly enhances our position in Southern California, and we are excited to have added medical gas business to our business mix. We welcome these teams to Tech Air and we look forward to supporting their continued success."

Founded in 1935, Tech Air is a packager and distributor of industrial, medical and specialty gases, welding equipment and supplies.