News Code : 45796

Petrotahlil - Gas Innovations is continuing its growth with the addition of investment partner, AEA Investors (AEA). AEA’s Small Business Fund invested in Gas Innovations as part of the formation of Meritus Gas Partners (Meritus).

Co-founders Jason Willingham and Ashley Madray will continue to manage the company as well as serve on the Meritus Board of Directors. Willingham said, “we will continue our growth plans in the domestic and international industrial gases, welding and fabrication, hydrocarbon markets, and the many other related markets for our products and services.”

Madray added, “Our key employees have helped get us to this level, and continued growth will require continued investment. We are excited about the future with AEA. Being a part of the Meritus platform creates a real incentive for our employees, and an assuredness of supply and continued innovation for our customers.”

Meritus will be led by industry executives Scott Kaltrider and Rob D’Alessandro, each having executive level careers at Praxair now Linde. As Chair and Vice Chair they will work to grow the overall platform as well as serve as partners to Willingham and Madray as they continue to grow the Gas Innovation business.

“AEA is a well-managed firm with great experience in these types of businesses and growth strategies. AEA’s financial expertise and investment resources will complement Gas Innovations to maintain its historic growth,” Kaltrider said.

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