CLEVELAND, July 8 /PRNewswire/ -- Valley National Gases, LLC announced today that it has acquired Beaver Valley Welding Supply, Inc. The acquired business sells industrial, medical, and specialty gases, and welding equipment and supplies from its Aliquippa, PA location. Jeff Lyden, former owner, will remain with the business and will be a welcome addition to the Valley family.
Michael Ziegler, Chief Executive Officer of Valley National, stated, "Valley National Gases is committed to continuing our strategy of growth through selective, high-quality acquisitions in regions that complement our operations. This acquisition blends very well with our business in Western Pennsylvania and will enhance our service capabilities throughout the region."
Joost Thesseling, Principal at CI Capital Partners LLC, said, "This is Valley National's sixth acquisition since CI Capital Partners' acquisition of the Company in its fiscal year ended June 30, 2008. These acquisitions have expanded the Company's territory to include Indiana, Maine and New Hampshire, and have strengthened existing operations in Pennsylvania and Ohio. Mike has built a terrific team which enables the company to efficiently execute and integrate acquisitions. We continue to see attractive acquisition opportunities in the large and fragmented U.S. industrial gas and propane markets which will allow Valley to continue its disciplined acquisition strategy."
Paul, Weiss provided legal counsel to Valley National in connection with the transaction.
Valley National Gases, with its new headquarters in Independence, OH, is a leading packager and distributor of industrial, medical and specialty gases, welding equipment and supplies, propane and fire protection equipment. Valley National Gases is based in Cleveland, Ohio and operates in 18 states, with 10 production and distribution centers in the eastern United States.
Valley National Gases, LLC was acquired in February 2007 by New
|SOURCE Valley National Gases, LLC|
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