Gas Innovations Adds Investment Partner, Joins Meritus

Jan. 8, 2021
AEA’s Small Business Fund invests in Gas Innovations as part of the formation of Meritus Gas Partners.

Gas Innovations, global supplier of high purity hydrocarbons, refrigerant gases and specialty gases, adds investment partner, AEA Investors. AEA’s Small Business Fund invested in Gas Innovations as part of the formation of Meritus Gas Partners.

Co-founders Jason Willingham and Ashley Madray will continue to manage the company as well as serve on the Meritus board of directors.  Willingham says, “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 adds, “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 is 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 reportedly 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. 

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