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13 min ago 2 min read
US industrial gas platform Meritus Gas Partners has acquired Tempe-headquartered industrial, specialty, and beverage gases distributor Allied Gases and Welding Supplies, marking its entry into the Arizona market.
Founded in 1995 by Anthony Boccaccio, Allied operates five locations across Tempe, Glendale, Phoenix, and Mesa. Meritus will integrate its resources, expertise, and capital with Allied’s existing business model and local expertise.
Steve Byers, Vice-President of Mergers and Acquisitions at Meritus, added, “Allied gives us a strong platform to enter the attractive Arizona market…home to a rapidly expanding industrial base with some of the strongest advanced manufacturing investments in the US.”
Demand for industrial, specialty and bulk gases in Arizona is driven by continued growth in aerospace, defense, electronics, data centers and advanced manufacturing.
The state has recently attracted significant investment in its semiconductor manufacturing supply chain, driving demand for specialty gases used in chip production.
In July, global semiconductor manufacturing giant TSMC announced it will spend an to expand its manufacturing capacity in the US, adding to $165bn already pledged to build six fabrication plants in Arizona.
In parallel to the Allied acquisition, Meritus that its subsidiary Buckeye Welding Supply acquired Colorado-based industrial and medical gas supplier Wagner Welding Supply.
