Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Genie Products, Inc., headquartered in Brevard, North Carolina, by Praxair, headquartered in Danbury, Connecticut. The acquisition closed on June 30, 2014.
Genie Products is a recognized leader in the production and supply of precision replacement parts, torch assemblies, hoses, cables, and other consumables for the thermal spray industry. Since Genie Products was purchased by Richard and Janet Grey in 2003, the business has doubled in size to meet increased product demand.
Today, national and international corporations look to Genie Products for an extensive array of thermal spray consumables, as well as torches, systems and technical advice. Bill Hunter, a Managing Director at Generational Equity, advised Genie Products, Inc., on the transaction. Praxair is a leading global provider of engineered protective coatings and thermal spray equipment and consumables. As the largest North American industrial gas supplier, it produces and sells atmospheric gases, as well as process and specialty gases, for the chemicals, food and beverage, semiconductor, and healthcare industries worldwide. To learn more, visit www.praxair.com.
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