BTS coordinates welding company sale in New York

ALBANY, N.Y. – Haun Welding Supply, Inc., a 4th generation welding supply company based in Syracuse has acquired the Albany division of Cryo Weld, Inc., itself a family owned business based in Poughkeepsie.

The sale was coordinated by Business Transition Strategies of Pembroke, N.H. and its associate, Mark Lagasse.

The acquisition enhances Haun’s footprint in the Northeast which includes 20 locations in upstate New York, Vermont, Northern Pennsylvania and western New Hampshire.

Haun supplies the welding industry with general supplies, gases and specialized welding training programs. Its customers range from manufacturing and fabrication to medical and education fields.

Cryo Weld will continue as an independent welding supply business under family ownership and its current management, through its offices in Poughkeepsie and Lake Katrine, N.Y.  The company was founded in 1993 by Tom Dyal, who plans to retire following the sale of the Albany operations.

Cryo Weld serves the Hudson Valley, Western Connecticut and parts of Massachusetts with a full line of wire and apparatus, welding equipment, welding machines, among other things.

The transaction plan was coordinated by Mark Lagasse, an associate of Business Transition Strategies, a New England based M&A advisory firm that specializes in private companies within the lower mid-market.

Lagasse draws on 30 years of experience in the gas industry as well as work within the private equity search sector before joining the firm, which has offices in Pembroke, N.H. and Andover, Mass.

“It is great to help two family run companies remain in business with a plan that is a win-win for both,” said John Howe, director of Business Transition Strategies.

Business Transition Strategies works with owners of private companies who want to sell or prepare for a transfer down the road. It has sold manufacturing, distribution, machining and coating companies in New Hampshire, Massachusetts and New York.

What our clients are saying...

“It is a privilege to write a letter of recommendation on behalf of Business Transition Strategies. …As with any family business, negotiations need to be handled delicately and, as with any sale, both parties need to be satisfied with the end result. Quite frankly, without their help, this could not have been achieved. John Howe and Ken Schaefer skillfully analyzed the books and were able to bridge the gap between the sellers’ belief of what the company was worth and its actual worth. Their style is objective, straightforward, thorough and kind in the delivery of their assessment. After the sale was achieved to both parties’ satisfaction, John and Ken were hired to help with the adjustment of the acquisition and the financial health of the company moving forward. I can highly recommend this talented group of experienced business advisors to any company in need of clear and thoughtful company planning and adjustments.”

- Jane Longden

Decora