Announcing the appointment earlier this month (August 2022), Gas Innovations – a Meritus Gas Partners company – said Welch will help grow the company’s footprint in his area of focus.
Welch joins the Texas-based firm from Air Products, where he served for 29 years, holding both marketing and global product management responsibilities for product lines including commodity chemicals and electronic specialty gas.
On the appointment, Gas Innovations said, “Wade’s extensive international background with customers and distributors will further boost the company’s presence and commitment in Mexico and Latin America.”
Source: Gas Innovations
Founded in 2002, Gas Innovations, strategically located at the mouth of the Houston Ship Channel in La Porte, is a wholesale provider of high purity hydrocarbons and refrigerants as well as equipment such as tube trailers, cryogenic ISO containers, and other packages for gases to distributors.
The company produces, purifies, packages, and distributes a wide range of high purity specialty industrial gases through a deployable asset base to customers in the US and internationally.
Last year, the company gained an investment partner in AEA Investors LP (AEA), an investment firm founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices.
About AEA: The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services. The AEA Small Business Funds is a strategy within AEA that currently manages $1.8 billion of invested and committed capital. According to AEA, the team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.