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41 min ago 2 min read
Cryogenic Technology Resources (CTR), a TransTech Group company, has acquired Allcryo, a Texas-based industrial and cryogenic gas equipment, storage tanks, and services provider.
The buy-out strengthens CTR’s geographical footprint in Texas and the wider US, while also enhancing the company’s capabilities in cryogenic and carbon dioxide (CO2) applications.
Allcryo also brings additional service, repair, and pump solutions capabilities, further strengthening CTR’s offering across cryogenic applications.
“We’ve built something strong here, and this partnership lets us build on it – expanding our equipment and lifecycle service solutions and delivering greater value across our customers’ operations,” Jimmy Ballard, President of Allcryo, said.
Allcryo will continue to operate under its established brand.
CTR’s announcement aligns with the company’s plans to expand its Rock Hill, South Carolina, site by adding more space to support growth and customer demand.
With this, the company will increase capacity for manufacturing engineered equipment and improve cryogenic service and repair for bulk tanks and transport trailers.
CTR is a platform company of TransTech Group, a portfolio company of Bridge Industries. in September 2024, strengthening its position in the cryogenic and high-pressure gas storage and transfer market.
The acquisition advances TransTech Group’s strategy to build a scaled platform across the industrial gas value chain, integrating engineered equipment, field services, and application expertise from production through distribution and end-use.
Greg Ezzell, President and Chief Growth Officer of TransTech Group, said, “Allcryo expands our geographic reach and strengthens our ability to deliver integrated solutions across a broader set of customers and markets.”
