Meritus Gas Partners has entered into a partnership with Tulsa Gas & Gear LLC (TGG), a distributor of industrial and specialty gases, welding and safety supplies in northeast Oklahoma, US.
TGG is the fifth partner company to join the Meritus family of independent industrial gas distributors and the third this year.
TGG, which has headquarters in Tulsa, Oklahoma and was founded ten years ago, specialises in welding applications technology to the diversified equipment manufacturers based in the region.
Upon transaction close, Don Stobaugh and Lloyd Hyle will retire, while Steve Stobaugh, Don’s son, will become the company’s President. Johnny Stamps and John Scott will become Vice-Presidents of Sales and Operations, respectively. All former owners will roll-over significant equity ownership in Meritus.
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