Montreal Based Company Utilizes BMI’s Targeted Acquisition Program for Growth
Philadelphia, PA (August 4, 2020): BMI Mergers & Acquisitions assisted Xebec Adsorption Inc., a global provider of clean energy systems, in the acquisition of North Carolina based Air Flow.
Air Flow is a leading distributor and service provider of compressed air equipment in North Carolina. Air Flows principals will remain with Air Flow after the acquisition to optimize the integration into Xebec and to grow the operation over the coming years. B. Stanton Shelton III, President and CEO of Air Flow stated “When Xebec approached us, we saw a unique opportunity to be part of a mission that was larger than us. Climate change is a growing concern and I saw how our team and experience in compressed air service could translate into being a strong value add to help service and support Xebec’s upcoming renewable natural gas and hydrogen systems.”
And Dr. Prabhu Rao, Chief Operating Officer of Xebec Adsorption Inc. had this to say, “As renewable natural gas and hydrogen adoption continues, the need to support customers over the lifetime of their installations grows. Air Flow is yet another example of an acquisition that is immediately accretive to Xebec’s earnings and the service team at Air Flow can be trained to also work with renewable gases. Growing our service footprint is key to Xebec’s strategy to sell more Cleantech systems, better support our customers and capture more aftermarket business.”
BMI has been retained by Xebec to locate quality compressor sales and service companies, and assist the companies and Xebec in reaching a successful business sale transaction. BMI is actively seeking air or gas compressor company owners interested in selling their companies. Companies looking to learn more about a potential business acquisition can click here.
Click here to learn more about Xebec Adsorption Inc. or here to learn more about Air Flow.