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Markets :: Industrial Gases

Airgas acquires oil and gas equipment firm

10:19 AM MST | December 28, 2012 | Vincent Valk

Airgas subsidiary Red-D-Arc has acquired D&D Power (La Vernia, TX), a supplier of mobile power generation, light towers, preventative maintenance, and other services to oil and gas exploration and production firms, the company says. Terms of the transaction, including financial details, were not disclosed. Red-D-Arc is Airgas’s welding-rental subsidiary.   D&D Power recorded about $25 million in revenues during 2012, Airgas says. The company has 53 employees across 4 sites in Texas and New Mexico. “Red-D-Arc played a key role in helping...

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