PCI Gases partners with TJM Capital Partners to recapitalize the company and add growth capital to support worldwide need for oxygen and nitrogen gas generators
Riverside, CA – April 2, 2021 – Pacific Consolidated Industries LLC (“PCI Gases”), a global supplier of on-site oxygen and mobile nitrogen generators, has recapitalized the Company in partnership with TJM Capital Partners to support wide-scale adoption of on-site and mobile industrial gas generators. PCI Gases provides engineered systems capable of generating oxygen and nitrogen for military, healthcare, water treatment, and industrial operators at their point of use, particularly in remote locations with under-developed infrastructure.
PCI Gases has experienced increased demand for its oxygen onsite gas generators by hospitals and emergency response organizations around the world to respond to the COVID-19 pandemic. PCI Gases continues to expand internationally and into adjacent industries and applications as it leverages its capabilities as the premier platform enabling its end users independence, freedom, reliability, and control over their critical oxygen and nitrogen supply chains.
TJM Capital Partners and PCI Gases look forward to accelerating the Company’s growth and to completing complementary acquisitions in the near future.
Bob Eng, CEO PCI, said “On behalf of PCI Gases, we’re very excited to partner with TJM’s partners and investors to drive further growth on a broader scale by expanding our market reach and value-added offerings and solutions to new and existing customers, particularly in the medical and industrial oxygen markets”.
Tom McDonough, Managing Partner, TJM Capital Partners, stated “TJM Capital Partners and its investors are thrilled to partner with PCI Gases and their management team. We are very excited to support PCI Gases as we work together to build rapid growth through the outstanding platform the PCI management team has built.”
About Pacific Consolidated Industries
For over three decades, PCI has provided rugged, mobile liquid and gaseous oxygen and nitrogen generating systems for the military, oil and gas, and commercial oxygen markets. Its products enable customers to generate oxygen and nitrogen in the field both inexpensively and reliably, and target applications for which distributed industrial gases are either too expensive or too difficult to obtain. Today, PCI has established itself as a global leader in air separation technology with thousands of systems installed in over 40 countries. PCI is headquartered in Riverside, CA with facilities in Curitiba, Brazil, Bangalore, India and Nanjing, China.
About TJM Capital Partners
TJM Capital Partners is a Private Equity Firm based in Chicago that focuses on middle market growth transactions. Our firm focuses on the following sectors and situations:
- High Growth Potential Middle Market Manufacturing Companies
- High Growth Potential Middle Market Service Companies, with a particular strength in refrigeration
- Middle Market Specialty Chemical Companies, with a focus on use of membrane and absorption technologies
- Middle Market Companies that present major scaling opportunities through the combination of multi-location equipment and connectivity technology
Our partners all have extensive backgrounds in Private Equity, Investment Banking and CEO level operational leadership in each of our focus sectors.
Contact: Tom McDonough (firstname.lastname@example.org)