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Tech Air in the News

June 15, 2017

Tech Air Announces Acquisition of Angelus Welding, Inc.

22nd Add-on Acquisition increases presence in Southern California

Danbury, CT, June 15th 2017. Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies, announced today that it has completed the acquisition of Angelus Welding, Inc. (Angelus or the Company), a distributor of welding & industrial supplies and industrial gases located in Los Angeles, California. Tech Air is owned by CI Capital Partners and Tech Air management.

Angelus was founded in 1947 and is one of the oldest distributors of industrial gases in Los Angeles. The company primarily serves customers in the entertainment, glassblowing and metal fabrication industries. Angelus will be integrated into Tech Air of California (doing business as Geneva Gas & Supply), which is led by Glen Irving. The President of Angelus, Chris Donohue along with family members Alexis and Jolene Donohue, will remain actively involved with the company moving forward.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "The acquisition of Angelus greatly enhances our position in the Los Angeles market, adding a new location in East LA to complement our existing locations in North Hollywood and Long Beach. We welcome Chris and the rest of the Angelus team to Tech Air and look forward to supporting their continued growth and success."

"We are proud of the reputation Angelus has with its customers for excellent customer service and deep industry knowledge. Both Tech Air and Angelus have historically put customers and employees first, making Glen Irving and the Tech Air team a natural fit. We will continue this tradition, in partnership with Tech Air," said Mr. Donohue.

Joost Thesseling, Managing Director at CI Capital, said, "Tech Air's investments in people and infrastructure have allowed the company to consummate 22 add-on acquisitions to date and establish a significant presence in multiple regions across the United States. We remain committed to supporting the company and its acquisition strategy."

About Tech Air

Founded in 1935, Tech Air is a leading packager and distributor of industrial, medical and specialty gases, welding equipment and supplies. The company is headquartered in Danbury, CT and operates through 35 branch and fill locations in the Northeast, Southeast, Southwest and West. Tech Air serves more than 10,000 customers in a wide range of industries. To learn more about Tech Air, please visit www.techair.com.

About Angelus Welding, Inc.

Angelus Welding, Inc. was started in Los Angeles, California in 1947 making it one of the oldest distributors in the Los Angeles. Angelus Welding carries a complete line of welding supplies, industrial gases and industrial supplies.

About CI Capital Partners

CI Capital Partners LLC, a leading North American private equity investment firm with approximately $2.4 billion in assets under management, has been investing in middle-market companies since 1993. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Since the firm's inception, CI Capital and its portfolio companies have made over 230 acquisitions representing approximately $8 billion in enterprise value. To learn more about CI Capital Partners, please visit www.cicapllc.com.

January 31, 2017

Tech Air Announces Acquisition of Gases & Arc Supply, Inc.

21st Add-on Acquisition Creates New Region for Tech Air

Danbury, CT, January 31, 2017 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies, announced today that it has completed the acquisition of Gases & Arc Supply, Inc. (Gases & Arc or the Company), a distributor of welding & industrial supplies and industrial gases located in Denver, Colorado. Tech Air is owned by CI Capital Partners and Tech Air management.

Gases & Arc was founded in 1995 by Jim O'Connor and Bob Backowies, who have more than fifty years of combined experience in the industrial gas distribution industry. Gases & Arc primarily serves industrial companies in the construction, pipe and metal fabrication industries. Both Mr. O'Connor and Mr. Backowies will remain actively involved with the company moving forward.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "The acquisition of Gases & Arc creates a new region for Tech Air in Colorado, complementing Tech Air's existing regions in the Northeastern, Southeastern, Southwestern and Western United States. We welcome Jim, Bob and the rest of the Gases & Arc team to Tech Air and look forward to supporting their continued growth and success."

Gases & Arc has built a reputation for outstanding customer service and technical expertise in the industries we serve. Putting customers and employees first are core values that we share with Tech Air. We are excited to embark on the next stage of our companys evolution, in partnership with Tech Air," said Jim O'Connor, President of Gases & Arc. Mr. O'Connor continued, "Tech Air has established itself as a leader in our industry and we look forward to contributing to the organization's success moving forward."

Joost Thesseling, Managing Director at CI Capital, said, "Tech Air's significant investments in people and infrastructure have allowed the Company to consummate 21 add-on acquisitions to date. We are thrilled for Tech Air to establish a presence in Colorado and look forward to Tech Air expanding in that region with other add-on acquisitions. We remain" committed to supporting the company and its acquisition strategy."�

About Tech Air

Founded in 1935, Tech Air is a leading packager and distributor of industrial, medical and specialty gases, welding equipment and supplies. The company is headquartered in Danbury, CT and operates through 36 branch and fill locations in the Northeast, Southeast, Southwest and West. Tech Air serves more than 10,000 customers in a wide range of industries. To learn more about Tech Air, please visit www.techair.com.

About Gases & Arc Supply, Inc.

Gases & Arc Supply, Inc. was started in Denver, Colorado in 1995 by Bob Backowies and Jim O'Connor. Combined, they have over 50 years' experience in the industrial gas distribution industry. Gases & Arc Supply carries a complete line of welding supplies, industrial gases and industrial supplies. To learn more about Gases & Arc Supply, Inc., please visit www.gasesandarc.com.

About CI Capital Partners

CI Capital Partners LLC, a leading North American private equity investment firm with approximately $2.1 billion in assets under management, has been investing in middle-market companies since 1993. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Since the firm's inception, CI Capital and its portfolio companies have made over 210 acquisitions representing approximately $8 billion in enterprise value. To learn more about CI Capital Partners, please visit www.cicapllc.com.

January 16, 2017

Tech Air Announces Acquisition of Gasco Affiliates

Marks 20th Add-on Acquisition for Tech Air under CI Capital�s ownership.

Danbury, CT, January 16, 2017 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies, announced today that it has completed the acquisition of Florida-based Gasco Affiliates LLC (Gasco), a producer of specialty gases. Tech Air is owned by CI Capital Partners and Tech Air management.

Founded in 1999 by Tom Hanway, Gasco produces portable calibration gas mixtures, used to verify the accuracy and operability of gas detection and analytical instrumentation that detect specific harmful gases across an array of work place environments. From its locations in Florida and Texas, Gasco services industrial safety distributors across the United States and internationally. The acquisition of Gasco complements Tech Air�s acquisition of specialty gas producer Liquid Technology, completed in September 2016. Gasco will be operated as a separate division of Tech Air, while retaining its distinctive brand identity, unmatched service and support, and deep relationships with leading safety distributors worldwide. Gasco will be led by President Brad Hanway who has served in various management roles with the company since 2002.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "Through this acquisition, we continue to build out Tech Air's Specialty Gas production capabilities, an exciting area of growth for the company. We welcome Brad and the rest of the Gasco management team to Tech Air."

"We look forward to bringing Gasco's specialty gas expertise to Tech Air," said Brad Hanway, President of Gasco. "Tech Air and Gasco share a commitment to quality, integrity and unmatched customer service, which makes this transaction a great fit for our team and Gasco's customers."

Joost Thesseling, Managing Director at CI Capital, said, "Through twenty add-on acquisitions, Myles and the Tech Air management team have transformed the company into a multi-regional player. The acquisition of Gasco further diversifies Tech Air's business beyond industrial gas distribution and into the production of specialty gases. We remain committed to supporting the company and its acquisition strategy."

About GASCO

Founded in 1999, Gasco is a leading producer of precision calibration gas. Gasco's products are exclusively sold through safety and equipment distributors worldwide. Gasco's superior industry knowledge has resulted in innovative technologies and the ability to create custom gas mixtures. To learn more about Gasco, please visit www.gascogas.com.

27 September 2016

Tech Air Announces Acquisitions of Liquid Technology Corporation and JW Goodliffe & Son, Inc.

New acquisitions are the 18th and 19th for Tech Air under CI Capital's ownership.

Danbury, CT, September 27, 2016 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has completed the acquisition of Florida-based Liquid Technology Corporation (Liquid Tech) and has signed a definitive agreement to acquire the local distribution assets of New Jersey-based JW Goodliffe & Son, Inc. (Goodliffe). Goodliffe will continue to own and operate its Internet welding supply distribution site, Cyberweld.com. Closing of the Goodliffe transaction is expected to take place in the 4Q of 2016. Tech Air is owned by CI Capital Partners and Tech Air management.

Including the acquisitions of Liquid Tech and Goodliffe, Tech Air will have completed 19 add-on acquisitions under CI Capital's ownership. As a result, the company will have significantly increased its presence in the Northeastern United States while establishing hubs in the Southeast, Southwest and Western United States. Tech Air now services its customers through 37 branch and fill locations. With the acquisition of Liquid Tech, Tech Air now has the ability to supply specialty gas customers throughout the US.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "The acquisition of Liquid Technology will greatly enhance Tech Air's Specialty Gases production capabilities and it's locations in Orlando and Houston perfectly complement our existing Specialty Gas production in California. Liquid Technology Corporation has been a trusted supplier to its customers since its founding over 20 years ago. The acquisition of JW Goodliffe will expand Tech Air's leadership position in the New York Metro Region into the attractive Northern New Jersey market. JWG's location in Linden, NJ is a great addition to our existing locations in White Plains, NY and on Long Island. Both companies will benefit from Tech Air's growth capital, access to a broad base of suppliers and administrative and operational support."

"Tech Air has made tremendous progress in executing its acquisition strategy," said Joost Thesseling, Managing Director at CI Capital. "Myles and the rest of the management team have transformed the company into a multi-regional player and established a reputation as a preferred buyer. We look forward to continuing to support the company and its acquisition strategy."

15 May 2016

Tech Air Acquisitions

Danbury, CT, May 15, 2016 � Tech Air Acquisitions was prominently featured in the May 15, 2016 GAWDA Connection newsletter: http://www.weldingandgasestoday.org/spotlight/TechAir_051516.html

For more information on Tech Air Acquisitions please visit our website: http://www.techairfirststep.com.

28 January 2016

Tech Air Completes Acquisitions of Ravena Welding Supply and Hereford Welding Supply

CI Capital-sponsored Tech Air Has Completed 17 Add-On Acquisitions

Danbury, CT, January 28, 2016 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has completed the acquisitions of New York-based Ravena Welding Supply (Ravena) and Texas-based Hereford Welding Supply (Hereford). Tech Air is owned by CI Capital Partners and Tech Air management.

Including the acquisitions of industrial gas distributors Ravena and Hereford, Tech Air has now completed 17 add-on acquisitions under CI Capital's ownership. As a result, the company has significantly increased its presence in the Northeastern United States while establishing hubs in the Southeast, Southwest and Western United States. Tech Air now services its customers through 33 branch and fill locations.

The acquisition of Ravena expands Tech Air's presence in New York, a state in which the company has operated since 1935. Hereford is the fourth acquisition that Tech Air has completed in Texas during the last 18 months, creating a substantial presence for the company in that region.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "We are very pleased to announce the additions of Ravena and Hereford to Tech Air. Tech Air's acquisition strategy has been built around acquiring high quality regional distributors who share Tech Air's values and commitment to superior customer service. Both of these companies will benefit from Tech Air's resources and we are thrilled that members of the management teams of Ravena and Hereford will join Tech Air and help us continue to build a bigger company."

"Tech Air has made tremendous progress in executing its acquisition strategy," said Joost Thesseling, Managing Director at CI Capital. "Myles and the rest of the management team have transformed the company into a multi-regional player and established a reputation as a preferred buyer. We look forward to continuing to support the company and its acquisition strategy."

1 September 2015

Tech Air Acquires Gas & Alloy Supply Co.

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Completes Fifteenth Add-on Acquisition

Danbury, CT, September 1, 2015 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has completed the acquisition of Dallas, Texas -based Gas & Alloy Supply Co. (GASCO). Tech Air is owned by CI Capital Partners and Tech Air management.

GASCO is a leading distributor of gases & welding supplies in the Dallas-Fort Worth area. GASCO will become part of Tech Air of Texas, Inc. and the sellers, Kirk Foote and Bill Carpenter, will remain actively employed with the company. GASCO is Tech Air's fifteenth add-on acquisition since CI Capital acquired the company in partnership with Tech Air's management in 2010. Tech Air now operates through 31 branch and fill plant locations and serves customers in the Northeast, South, Southwest and West.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "We are thrilled to announce the addition of GASCO to our rapidly growing Southwest region, led by Jeff Palmer, the President of Tech Air of Texas. GASCO is known for outstanding customer service and technical capabilities and will benefit from Tech Air's growth capital, access to a broad base of suppliers and administrative and operational support. Once again, this acquisition demonstrates the attractiveness of our partnership model for prospective sellers who want to remain involved in their business and care deeply about their customers and employees."

"The combination of GASCO and our existing business, US Oxygen, in nearby Arlington, TX is a great result for both the employees and customers of both companies." said Jeff Palmer, President of Tech Air of Texas. "Kirk Foote and Bill Carpenter have built a tremendous business over the last fifteen years and have earned the respect of both customers and suppliers due to their high level of integrity and professionalism. We are truly excited to join forces with such an outstanding company and look forward to working together as we continue our growth in the Dallas-Forth Worth metroplex."

Joost Thesseling, Managing Director at CI Capital Partners, said, "We are very proud of Tech Air's ability to form partnerships with the owners of other industrial gas distributors to successfully execute its acquisition strategy. With fifteen acquisitions completed, we are very pleased with the company's progress and will continue to support Myles and the rest of the Tech Air team as they continue to execute their growth strategy.

About Gas & Alloy Supply CO.
Located in Dallas, TX, GASCO is a leading distributor of gases & welding supplies in the Dallas-Forth Worth metroplex. Founded in 2001 by industry veterans Kirk Foote and Bill Carpenter, GASCO has earned a reputation for outstanding service and professionalism. To learn more about GASCO, please visit www.gascotx.com.

6 July 2015

Tech Air Acquires L&M Welding Supply

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Completes Eighth Add-on Acquisition in Last Twelve Months

Danbury, CT, July 6th, 2015 Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired Mobile, AL-based L&M Welding Supply, Inc (L&M). Tech Air is owned by CI Capital Partners and Tech Air management.

L&M Welding Supply is a leading distributor of welding supplies and industrial equipment to the military, shipbuilding, and power industries on the Gulf Coast. L&M will become part of Tech Air's Southern Region and the former owner, Clark Kelly, will remain actively engaged with the company. L&M is Tech Air's eighth add-on acquisition in the last twelve months, and the fourteenth add-on acquisition since CI Capital acquired the company in partnership with Tech Air's management in 2010. Tech Air now operates through 30 branch and fill plant locations and serves customers in the Northeast, South, Southwest and West.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, "We are thrilled to announce the addition of L&M Welding Supply to the Tech Air family of companies. Clark Kelly has built an impressive business and a highly respected team that will enhance Tech Air's Southern Region. L&M is known for outstanding customer service and technical capabilities and will benefit from Tech Air's commitment of growth capital, access to a broad base of suppliers and administrative and operational support. We remain committed to our strategy of acquiring high quality regional distributors throughout the continental United States and are actively seeking additional acquisitions.

"The joining of our small but customer-focused company with the resources and support of Tech Air's entrepreneurial leadership is a great result for both the employees and customers of L&M." said Clark Kelly, President of L&M Welding Supply. "We look forward to working with Tech Air as we continue to build our business in the Gulf Coast and look to expand our offering to gases and other products."

Joost Thesseling, Managing Director at CI Capital Partners, said, "We are very proud of Tech Air's ability to form partnerships with the owners of other industrial gas distributors and successfully execute its acquisition strategy. With fourteen acquisitions completed, we are very pleased with the company's progress and will continue to support Myles and the rest of the Tech Air team as they continue to execute their growth strategy."

About L&M Welding Supply
Located in Mobile, AL, L&M Welding Supply, Inc. is a veteran-owned distributor of welding and industrial equipment, hard goods, consumables, and tools, as well as personal protective equipment and related items commonly used in the industrial, construction, manufacturing, shipbuilding, and government/military markets we serve. Founded in 1980 by industry veteran Mike Kelly, L & M has become a valued logistical partner to industrial clientele, and to DLA and other federal procurement agencies, receiving annual accolades for vendor performance, including DSCR's "Silver" and/or "Gold" performance awards.. To learn more about L&M Welding Supply, please visit www.weld-supply.com.

7 June 2015

Tech Air Acquires Geneva Gas & Supply

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Completes Seventh Add-on Acquisition in Last Twelve Months

Danbury, CT, June 7, 2015 � Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired Los Angeles-based Geneva Gas & Supply, Inc. (�Geneva�). Tech Air is owned by CI Capital Partners and Tech Air management.

Geneva Gas & Supply is a leading distributor in the industrial gas and welding supply industry in the Los Angeles area, providing the highest quality pure and mixed gases, along with a broad line of welding, cutting, and safety equipment. The company, which was founded in 2010, serves a wide range of customers and industries. Geneva will become part of Tech Air of California and the former owners, Glen Irving and Jack Storm, will continue to be employed by the company. Mr. Irving will serve as President of Tech Air of California. Geneva is Tech Air�s seventh add-on acquisition in the last twelve months, and the thirteenth add-on acquisition since CI Capital acquired the company in partnership with Tech Air�s management in 2010. Tech Air now operates through 29 branch and fill plant locations and serves customers in the Northeast, Southeast, Southwest and West.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �We are excited to announce the addition of Geneva Gas & Supply to the Tech Air family of companies. Glen Irving has built a tremendous team that will help us take advantage of market opportunities in the Los Angeles area. In a relatively short time, Geneva has established a track record of growth and will benefit from Tech Air�s commitment of growth capital, access to a broad base of suppliers and administrative and operational support. We remain committed to our strategy of acquiring high quality regional distributors throughout the continental United States and are actively seeking additional acquisitions.�

�The acquisition by Tech Air presents a great opportunity for both employees and customers of Geneva Gas & Supply" said Glen Irving, President of Geneva Gas & Supply. "The access to additional resources provided by Tech Air will help our company to continue its growth in the Los Angeles area, while maintaining the same service excellence our customers expect.�

Joost Thesseling, Managing Director at CI Capital Partners, said, �Tech Air continues to successfully execute its acquisition strategy due to its willingness to work closely with owners to meet their objectives and provide opportunities to retain a critical role in the company post-closing. We are pleased with the progress the company has made, and we look forward to supporting Myles and the rest of the Tech Air team in continuing their growth strategy.�

Additionally, in May 2015, Tech Air completed the acquisitions of New York-based distributors of industrial gases Prest-O-Sales & Service, Inc. and Prest-O-Peconic, Inc (�POP�). These acquisitions were previously announced in February 2015.

About Geneva Gas & Supply
Located in the heart of the San Fernando Valley, Geneva Gas & Supply is an independent family owned industrial gas and welding supply company. We pride ourselves on providing customers with prompt professional service, quality state of the art welding related products, and competitive pricing. Founded in 2010, Geneva Gas & Supply is located in North Hollywood, CA.

3 February 2015

Tech Air to Acquire Prest-O-Sales and Prest-O-Peconic

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Continues Acquisition Strategy

Danbury, CT, February 3, 2015 � Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has signed a definitive agreement to acquire New York-based Prest-O-Sales & Service, Inc (�POS�) and Prest-O-Peconic, Inc (�POP�). The transaction is subject to customary conditions to closing. Tech Air is owned by CI Capital Partners and Tech Air management.

Prest-O-Sales & Service and Prest-O-Peconic are leading distributors of industrial, specialty and medical gases with locations in Long Island City (Queens), NY and Riverhead, NY (Long Island). The companies, which were founded in 1926 and 1985 respectively, serve a wide range of customers and industries. 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. POS and POP will be Tech Air�s tenth and eleventh 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.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �We are thrilled to announce the addition of Prest-O-Sales and Prest-O-Peconic to the Tech Air family of companies. POS and POP will significantly bolster our already strong position in the New York metropolitan area, facilitating better coverage of Long Island and New York City. We remain committed to our strategy of acquiring high quality regional distributors throughout the continental United States and are actively seeking additional acquisitions.�

�The combination with Tech Air is an outstanding result for Prest-O-Sales� and Prest-O-Peconic�s customers and employees," said James E. Madison, President of POS & POP. "Our focus on delivering high level customer service and our family-oriented culture are important values shared with Tech Air. We believe that our customers and employees will benefit from Tech Air�s resources and are looking forward to continuing our growth in the New York metropolitan area.�

Joost Thesseling, Managing Director at CI Capital Partners, said, �Tech Air has established itself as an acquirer of choice in the fragmented packaged gas distribution sector because of its flexible approach in meeting owners� objectives and a solid track record of closing acquisitions. Including the acquisition of POS and POP, Tech Air has made eleven add-on acquisitions with an active pipeline of additional transactions. We look forward to supporting Myles and the rest of the Tech Air team in continuing their growth strategy.�

About Prest-O-Sales & Service and Prest-O-Peconic
Prest-O-Sales & Service, Inc. and Prest-O-Peconic, Inc. are independently owned, full service distributors of compressed gases and metalworking equipment and supplies. Founded in 1926, Prest-O-Sales & Service, Inc. is located in Long Island City, NY. Founded in 1985, Prest-O-Peconic, Inc. is located in Riverhead, NY. Prest-O-Sales & Service, Inc. and Prest-O-Peconic, Inc. sell, rent and service quality brand name products from the finest manufacturers to customers worldwide.

19 January 2015

Tech Air Acquires McGinnis Welding Supply

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Continues Acquisition Strategy

Danbury, CT, January 19, 2015 � Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired McGinnis Welding Supply (�McGinnis�) of Wichita Falls, TX. Tech Air is owned by CI Capital Partners and Tech Air management

McGinnis is a leading distributor of industrial, specialty and medical gases with locations in Wichita Falls and Vernon, TX. The company, which was founded in 1963, serves a wide range of customers and industries. McGinnis will become a new division of Tech Air of Texas, Inc. and the former owner, Joey Davis, will serve as the General Manager of this division. McGinnis is Tech Air�s ninth add-on acquisition 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.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �We are pleased with the acquisition of McGinnis Welding Supply, which adds to Tech Air�s growing presence in North Texas. We remain committed to our strategy of acquiring high-quality regional distributors throughout the continental United States and are actively seeking additional acquisitions.�

�We are thrilled to welcome Joey Davis and the entire McGinnis team to the Tech Air family of companies,� said Jeff Palmer, President of Tech Air of Texas. "We believe that McGinnis Welding Supply�s customers and employees will benefit from Tech Air�s resources and are looking forward to continuing our growth in North Texas.�

Joost Thesseling, Managing Director at CI Capital Partners, said, �Myles Dempsey and his team have done a great job to position Tech Air as a preferred acquirer in the industrial gas distribution market. The acquisition of McGinnis is the latest example of Tech Air�s ability to provide owners with attractive opportunities to remain actively engaged in the management of the business after the acquisition.�

About McGinnis Welding Supply
McGinnis Welding Supply was founded in 1963 and offers a wide range of industrial gas products for a growing number of businesses and individuals in a diverse array of industries. The company has locations in Wichita Falls and Vernon, TX.

2 September 2014

Tech Air Acquires US Oxygen & Supply and Specialty Air Technologies

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Continues Acquisition Strategy

Danbury, CT, September 2, 2014 � Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired US Oxygen & Supply (�US Oxygen�) of Arlington, TX and Specialty Air Technologies (�SAT�) of Long Beach, CA. Tech Air is owned by CI Capital Partners and Tech Air management.

US Oxygen is a leading distributor of industrial, specialty and medical gases in the Dallas-Fort Worth area. The company, which was founded in 2012, serves a wide range of customers and industries. SAT is a wholesaler of high-purity specialty gases and mixtures with customers throughout the Western United States. These acquisitions give Tech Air entry points into the attractive Texas and California markets. Including US Oxygen and SAT, Tech Air has now completed eight acquisitions since CI Capital acquired the company in partnership with Tech Air�s management in 2010.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �The acquisitions of US Oxygen and Supply and Specialty Air Technologies add to Tech Air�s growing geographic footprint. Tech Air now operates through 25 branch and fill plant locations and is serving customers in the Northeast, Southeast, Southwest and West. We are pleased with these acquisitions and we remain focused on our strategy of acquiring high-quality regional distributors throughout the continental United States.�

�We are thrilled to join Tech Air, a company whose commitment to excellent customer service matches our own," said Jeff Palmer, co-founder of US Oxygen. "We believe that US Oxygen and Supply�s customers and employees will benefit from Tech Air�s resources and are looking forward to embarking on this partnership.� As President of US Oxygen, Mr. Palmer will lead Tech Air�s expansion in Texas and has made an equity investment in Tech Air.

Mark Straka, President of SAT, said, �Tech Air is a great fit for our customers and, most importantly, for our highly skilled employees. Many of our employees have been with SAT from the beginning, and it was important to me that they be treated well and happy with our new ownership.� Mr. Straka will remain engaged post-acquisition with SAT as a consultant.

Joost Thesseling, Managing Director at CI Capital Partners, said, �Tech Air�s management has done a great job executing its acquisition strategy and building the company�s reputation as a well-capitalized, credible buyer. For each acquisition, we were able to find a creative solution that was attractive to the sellers and provided an opportunity for them to participate in the business moving forward.�

About US Oxygen and Supply
US Oxygen Supply was founded in 2012 and offers a wide range of industrial gas products for a growing number of businesses and individuals in a diverse array of industries. The company is headquartered in Arlington, TX. To learn more about US Oxygen and Supply, please visit www.usoxygensupply.com.

About Specialty Air Technologies
Specialty Air Technologies was founded in 1997 and offers a wide range of specialty gas products for distributors throughout the Western United States. The company is headquartered in Long Beach, CA.

3 February 2014

Tech Air Acquires Endweld Supply Corporationof New York

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Continues Growth Strategy

Danbury, CT, February 3rd � Tech Air, a Danbury, CT-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired New York-based Endweld Supply Corporation (�Endweld�) of Johnson City. Tech Air is owned by CI Capital Partners Tech Air management.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �This transaction underscores our continued strategy of growth through selective acquisitions of quality regional distributors. Endweld is a very well-respected welding and gas distributor that serves as a strategic entry point into the NY southern tier market. We are excited about the opportunity to partner with Tom Caminiti to pursue future growth opportunities in the region.�

�The sale to Tech Air is an outstanding result for the customers and employees of our company," said Tom Caminiti, owner of Endweld. "Our focus on delivering a high level of customer service and our strong culture are important values shared with Tech Air.�

Joost Thesseling, Managing Director at CI Capital Partners, said, �The acquisition of Endweld is Tech Air�s sixth add-on acquisition. We continue to see attractive acquisition opportunities as Tech Air is building a reputation as a well-capitalized, credible buyer. Our flexible approach allows us to structure partnerships with business owners that accomplish their objectives, including opportunities to participate in Tech Air�s ongoing success.�

About Endweld
Endweld was founded in 1989 by Tom and Karen Caminiti and serves customers throughout the Southern Tier of New York and Northern Pennsylvania. Endweld operates from its location in Johnson City, NY.

6 January 2014

Tech Air Acquires Compressed Gases of Augusta and A-L Welding Supply of Gainesville

CI Capital-sponsored Tech Air, Distributor of Industrial, Medical and Specialty Gases, Continues Growth Strategy

Danbury, CT, January 6th � Tech Air, a Danbury, CT-based distributor of industrial, medical, and specialty gases and related welding supplies, announced today that it has acquired Georgia-based Compressed Gases of Augusta (�CGA�)and A-L Welding Supply, Inc (�ALWS�) of Gainesville. Tech Air is owned by CI Capital Partners and the Company�s management.

Myles Dempsey, Jr., Chief Executive Officer of Tech Air, said, �These transactions signify our continued strategy of growth through selective acquisitions of high-quality regional distributors. CGA and ALWS serve as strategic entry pointsinto the highly attractive Georgia and South Carolina markets. Adding CGA and ALWS positions Tech Air well to serve customers from a broadened geographic footprint.�

�The sale to Tech Air is an outstanding result for the customers and employees of our company," said Charles Loveless, owner of CGA. "Our focus on delivering a high level of customer service and our strong culture are important values shared with Tech Air.�

Joost Thesseling, Managing Director at CI Capital Partners, said, �The acquisitions of ALWS and CGA represent the next step in Tech Air�s buy-and-build strategy in the highly fragmented U.S. packaged gas sector. Tech Air is well capitalized and continues to look for attractive growth opportunities to add to its platform.�