DALLAS, May 21, 2024
/PRNewswire/ -- Cordatus Capital ("Cordatus") is pleased to
announce its recently completed investment in B&J Welding
Supply. B&J Welding Supply is the leading independent packaged
gas distributor in West Texas.
B&J Welding Supply has distinguished itself through its
best-in-class customer service and operations since 1977. B&J
Welding Supply is positioned as a trusted supplier of industrial
gases and propane to the industrial, energy, agricultural and
medical end markets.
Cordatus is excited to partner with Jason Jones and the B&J Welding Supply team
in the joint effort to pursue geographic expansion and growth
across product offerings. Mr. Jones will stay in place as CEO,
board member and shareholder.
In conjunction with the partnership with B&J Welding Supply,
Cordatus formed American Gas Group to specifically pursue further
acquisition opportunities across the packaged gas industry.
American Gas Group seeks to partner with best-in-class independent
packaged gas distributors with the goal of preserving the
independent mindset, entrepreneurial spirit and family legacy
commonly found in the packaged gas industry. Robert S. "Robby"
Smith has joined American Gas Group as the President of
Acquisitions and Business Development. Smith started his career in
the packaged gas industry, guiding his family's business, Bob Smith
Gas Products, to a successful sale to Praxair. Having firsthand
experience, Smith understands the challenges and decisions that
family-owned packaged gas distributors face. The team is excited to
craft tailored solutions for independent packaged gas
distributors.
B&J Welding Supply's CEO, Jason
Jones, commented, "locally owned and personalized service is
increasingly rare. B&J Welding Supply is setting a new
standard by putting the customer at the heart of everything we do.
With a commitment to excellence and a passion for exceeding
expectations, B&J Welding Supply is proud to partner with
Cordatus in its latest initiative aimed at expanding to new markets
and elevating the customer experience to new heights. We understand
that every customer is different, and that's why we take the time
to listen and truly understand their needs. By focusing on
personalized service, we're able to build stronger relationships
and deliver exceptional results that keep our customers coming back
time and time again."
Kevin Lippincott, Partner at
Cordatus, stated, "B&J Welding Supply has differentiated itself
with exceptional customer service, product quality and industry
relationships. We are excited to partner with Jason and the
exceptionally strong team at B&J Welding Supply to support its
next phase of growth."
About B&J Welding Supply
Founded in 1977 by Bob Jones in
Lamesa, TX, and now headquartered
in Lubbock, TX, B&J Welding
Supply is the leading independent packaged gas distributor in
West Texas with six locations in
the area. B&J Welding Supply provides industrial and medical
gases, propane, specialty chemicals and welding supplies to
customers across end markets. B&J Welding Supply continues to
adapt to the ever-changing market and customer demands while
providing customers with innovative experiences while remaining
committed to maintaining the personalized touch and attention to
detail that customers have grown to expect.
About Cordatus Capital
Founded in 2012, Cordatus
Capital is a private investment firm based in Dallas, Texas. Cordatus is a flexible capital
provider focused on – but not limited to – control equity
investments in lower-middle market companies. Cordatus typically
invests alongside great management teams in cash flowing businesses
with $25-$150
million of revenue and has invested across various
industries. Cordatus is currently specifically targeting add-on
opportunities in food co-packing, construction materials and
packaged gas distribution. For further information visit
https://cordatuscapital.com/.
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SOURCE Cordatus Capital