Houlihan Lokey Advises Arsenal Capital Partners

Houlihan Lokey is pleased to announce that Arsenal Capital Partners (Arsenal) has acquired EspriGas.

Arsenal Capital Partners is a private equity investment firm that specializes in building market-leading industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 300 platform and add-on acquisitions, and achieved more than 35 realizations. Driven by its commitment to unlock potential in people, businesses, and technologies, the firm partners with management teams to build strategically important companies with leading market positions, high growth, and high value-add.

Founded in 1998 and headquartered in Atlanta, Georgia, EspriGas is a technology-enabled, asset-light provider of packaged gases that is reshaping how businesses buy and manage packaged gases. Through a national supplier network, EspriGas connects a highly fragmented base of packaged gas buyers to the optimal suppliers, serving more than 35,000 customer locations. The company’s proprietary technology digitizes ordering and fulfillment, predicts customer reordering needs before supply runs out, and provides real-time tank monitoring, delivering reliable supply, lower costs, and a single point of contact for gases that are critical to customer operations.

Houlihan Lokey served as buyside financial advisor to Arsenal. This transaction

highlights our deep sector expertise and continued success advising leading buyers and sellers of technology-enabled platforms and differentiated network businesses.

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