PHILADELPHIA, January 30, 2019 – Graham Partners, a private investment firm targeting industrial technology and advanced manufacturing companies, is pleased to announce that its portfolio company, Acme Cryogenics, Inc. (“Acme”), a provider of precision-engineered products and field services for cryogenic liquids and industrial gases has acquired substantially all of the assets of Cryogenic Experts, Inc. (“CEXI”). Headquartered in Oxnard, California, CEXI is a leading, niche cryogenic product designer and manufacturer specializing in industrial vaporizers and other related products. CEXI’s engineering capabilities and proprietary designs allow the company to offer fully engineered, integrated, and differentiated solutions to customers.
CEXI builds upon Graham’s investment strategy to leverage Acme’s position as a key, mission-critical solution provider to a wide range of cutting edge industries and end market applications. With CEXI, Acme enhances its competitive position in highly attractive target markets, such as liquefied natural gas, and expands its geographic footprint to the West Coast. Graham has also identified numerous synergies, such as leveraging Acme’s sales and marketing infrastructure to further strengthen relationships with industrial gas majors and increase wallet share.
Josh Wilson, Managing Principal at Graham Partners, states, “The acquisition of CEXI underscores our investment thesis to build a leading national provider of essential cryogenic gas products and services to high-growth industries. We look forward to leveraging CEXI’s in-house design and engineering capabilities and proprietary technology to continue to grow the combined business.” Rob Worcester, President of CEXI, adds, “Graham’s family history and vision for the Acme platform resonated with our team. We are enthusiastic about the partnership and look forward to continuing our tradition of excellence on the West Coast.” Steven Graham, CEO of Graham Partners, concludes, “CEXI is an excellent example of Graham Partners completing add-on acquisitions that support a platform company’s core strategic objectives; this is an important component of our investment strategy.”
Acme is a mission-critical solution provider of precision-engineered products and field services for cryogenic liquids and industrial gases to a wide range of cutting edge industries. Headquartered in Allentown, PA, Acme serves high-growth customers across the entire industrial gas supply and distribution chain in attractive end markets that are benefiting from strong conversion trends such as healthcare and medical, food and beverage, aerospace, hydrogen fuel cell technology, and liquefied natural gas.