Tech Air, a portfolio company of CI Capital Partners, has acquired Angelus Welding Inc. The buyer has now made 22 add-on deals under the PE firm's ownership.
Angelus distributes industrial gases to the entertainment, glassblowing and metal fabrication sectors primarily in the Los Angeles market, where the target is headquartered. Angelus' management team will remain with the company. Financial terms of the deal were not disclosed. Danbury, Connecticut-based Tech Air is also a supplier of industrial gases and welding equipment.