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Tech Air to acquire Prest-O-Sales, Prest-O-Peconic
- February 3, 2015
- News Release
- Shop Management
Danbury, Conn.-based Tech Air, a distributor of industrial, medical, and specialty gases and related welding supplies, has signed a definitive agreement to acquire New York-based Prest-O-Sales & Service Inc. (POS) and Prest-O-Peconic Inc. (POP). Tech Air is owned by CI Capital Partners and Tech Air management.
POS and POP are distributors of industrial, specialty, and medical gases with locations in Long Island City, N.Y., and Riverhead, N.Y. The companies will become part of Tech Air of New York and the former owners, Jim Madison and George Nunnaro, will continue to be engaged with the companies.
These are Tech Air's 10th and 11th add-on acquisitions since CI Capital acquired the company in partnership with Tech Air's management in 2010. Tech Air now operates through 27 branch and fill plant locations and serves customers in the Northeast, Southeast, Southwest, and West.
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