Meritus Gas Partners acquires MagneGas assets

Meritus Gas Partners, a portfolio company of AEA Investors' Small Business Private Equity team, has acquired substantially all assets of MagneGas Welding Supply – South LLC. The acquired assets relate to MagneGas' business in Texas, Louisiana, and Indiana, including seven retail locations. A recently expanded MagneGas fill plant and specialty gas laboratory in the Dallas-Fort Worth area will be integrated into Mitchell Welding Supply, Meritus’ existing operating company there.