Linde recently announced it has acquired the remaining interests in nexAir, one of the largest independent packaged gas distributors in the U.S. with 2022 sales of approximately $400 million.
Linde’s wholly owned subsidiary Linde Gas & Equipment (LG&E) has held a minority interest in nexAir since 2012. LG&E has now purchased the remaining 77.2%.
The acquisition complements Linde’s existing packaged gas business and expands its footprint in a core and fast-growing geography across the southeastern U.S.
“This consolidation is consistent with our business strategy of increasing network density and reinvesting in opportunities that meet the investment criteria. We look forward to further strengthening our presence in the southeastern U.S.,” said Ben Glazer, President of LG&E.