People & Business :: M&A
Airgas acquires Illinois gas supplier
9:52 AM MDT | October 7, 2013 | Lindsay Frost
Airgas has signed a definitive agreement to acquire the assets and operations of the Encompass Gas Group (Rockford, IL), a supplier of industrial, medical, and specialty gases and related hard goods. The privately owned company has 11 locations and more than 130 employees in Illinois, Wisconsin, and Iowa and made $55 million in annual sales in 2012. Financial terms of the agreement have not been disclosed, and the transaction is expected to close on 1 November—subject to regulatory approval and satisfaction of other closing conditions, the company says...
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