Harris Williams Advises Tech Air on Its Pending Sale to Airgas, an Air Liquide Company

RICHMOND, Va.–(BUSINESS WIRE)–Harris
Williams
, a global investment bank specializing in M&A advisory
services, announces that it is advising Tech Air, a portfolio company of
CI Capital Partners LLC (CI Capital), on its pending sale to Airgas, an
Air Liquide company. Tech Air is a U.S. distributor of industrial and
medical gases, welding supplies and related equipment. The transaction
is being led by Giles
Tucker
, Eric
Logue
, Graham
Rives
and Chuck Walter of Harris Williams’ Industrials
Group
and Bob
Baltimore
of the firm’s Specialty
Distribution Group
.

Founded in 1935, Tech Air is a leading packager and distributor of
industrial, medical and specialty gases, welding equipment and supplies.
The company is headquartered in Danbury, Connecticut, serves more than
45,000 customers and operates approximately 50 locations in California,
Texas, the Northeast and Southeast.

CI Capital is a leading North American private equity investment firm
that has invested in middle market companies since 1993. CI Capital
forms partnerships with experienced management teams and entrepreneurs
to build substantial businesses through add-on acquisitions, organic
growth and operational improvements. Since inception, CI Capital and its
portfolio companies have made over 315 acquisitions representing
approximately $10 billion in enterprise value.

Airgas is a leading U.S. supplier of industrial, medical and specialty
gases, as well as hardgoods and related products; one of the largest
U.S. suppliers of safety products; and a leading U.S. supplier of
ammonia products and process chemicals. Dedicated to improving the
performance of its more than 1 million customers, Airgas safely and
reliably provides products, services and expertise through its more than
18,000 associates, over 1,400 locations, robust e-Business platform and
Airgas Total Access® telesales channel. As an Air Liquide company, a
world leader in gases, technology and services for industry and health,
Airgas offers customers an unrivaled global footprint and industry
leading technology and innovations.

Harris
Williams
, an investment bank specializing in M&A advisory services,
advocates for sellers and buyers of companies worldwide through critical
milestones and provides thoughtful advice during the lives of their
businesses. By collaborating as one firm across Industry Groups and
geographies, the firm helps its clients achieve outcomes that support
their objectives and strategically create value. Harris Williams is
committed to execution excellence and to building enduring, valued
relationships that are based on mutual trust. Harris Williams is a
subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

Harris Williams’ Industrials Group has experience across a variety of
sectors, including advanced manufacturing; aggregates, metals, and
mining; building products; chemicals and specialty materials; industrial
technology; and packaging. For more information on the firm’s
Industrials Group and other recent transactions, visit the Industrials
Group’s
section of the Harris Williams website.

Harris Williams’ Specialty Distribution Group has experience across a
variety of sectors, including automotive and heavy duty aftermarket;
building products; consumer; electrical and communications; foodservice;
healthcare; industrial; and technology. For more information on the
firm’s Specialty Distribution Group, visit the Specialty
Distribution Group’s
section of the Harris Williams’ website.

Harris Williams LLC is a registered broker-dealer and member of FINRA
and SIPC. Harris Williams & Co. Ltd is a private limited company
incorporated under English law with its registered office at 5th Floor,
6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar
of Companies for England and Wales (registration number 07078852).
Harris Williams & Co. Ltd is authorized and regulated by the Financial
Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH
is registered in the commercial register of the local court of Frankfurt
am Main, Germany, under HRB 107540. The registered address is
Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email
address: [email protected]).
Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No.
awaited). Harris Williams is a trade name under which Harris Williams
LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate
Finance Advisors GmbH conduct business.

For media inquiries, please contact Katie Langemeier, associate brand
manager, at +1 (804) 648-0072.

Contacts

Katie Langemeier, associate brand manager
+1 (804) 648-0072

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