Tech Air, a national distributor of industrial, medical, and specialty gases and related equipment and supplies, announced Tuesday that it acquired Collingdale, Pennsylvania-based Scully Welding Supply Corporation and Scully Propane Service Corp (Scully).
Scully is a distributor of propane, industrial and welding supplies, and industrial gases and provides installation and repair services. The company, which was founded in 1947, services the greater-Philadelphia region from its four locations.
“We are excited to gain the assets, resources, and expertise of a group with such a strong and well-established reputation,” Myles Dempsey, Jr., CEO of Tech Air, said. “Since its founding in 1947, Scully has built and expanded its services in a key commercial region of the country. We welcome the team to Tech Air and look forward to sharing success as we continue to build our business together.”
The add-on acquisition is the 27th for Tech Air under the ownership of CI Capital.
“We are pleased with the progress that Tech Air continues to make as it builds a truly national business with significant gas distribution and welding supply operations from its beginnings as a regional company,” Joost Thesseling, managing director at CI Capital, said. “The acquisition of Scully represents another high-quality transaction for Tech Air as the company executes its growth strategy.”