Tech Air acquires Scully Welding Supply and Propane Service

December 13, 2018 By    

Logo: Tech Air
Logo: ScullyTech Air acquired Scully Welding Supply Corp. and Scully Propane Service Corp. (Scully), based in Collingdale, Pennsylvania. Scully is a distributor of industrial gases, propane, and industrial and welding supplies.

Scully serves residential and commercial accounts in southeastern Pennsylvania. It also offers installation and repair services.

“We are excited to gain the assets, resources and expertise of a group with such a strong and well-established reputation,” Myles Dempsey, Tech Air CEO, says in a news release. “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.”

This transaction marks Tech Air’s 27th acquisition under the ownership of CI Capital. Joost Thesseling, managing director at CI Capital, commented on Tech Air’s decision.

“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,” Thesseling says. “The acquisition of Scully represents another high quality transaction for Tech Air as the company executes its growth strategy.”

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