One might normally associate the Mid-Atlantic region with finance, commerce and trade given the stereotypical view of the hustle and bustle of New York City, Manhattan, New Jersey and Philadelphia. Its overlap with the Northeastern states includes part of the Northeast Corridor and one of the world’s most important concentrations of finance, media, medicine and technology.
Very much in-keeping with this perception, the Mid-Atlantic has been home to a hotbed of mergers and acquisitions (M&A) activity in the gases industry over the last 12 months, with headline-grabbing stories ranging from New York-based Plug Power’s acquisition of Applied Cryo Technologies (ACT) in October to Chart Industries’ takeover of Pennsylvania-based Fronti Fabrication in more recent months.
This is a region with the fifth-largest commercial industrial gas market of the eight US regions, and pales in significance to the much larger markets of the Southeast or Southwest, but is nonetheless buoyant in 2022 with the focus of a number of progressive technology innovators and clean energy stakeholders.
The market in 2021
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