Bridge Industries, a private holding company focused on acquiring and advancing companies within the industrial, manufacturing, and energy sectors, has announced the acquisition of Cryogenic Technology Resources (CTR) by its portfolio company, TransTech Group. CTR, known for its expertise in designing, fabricating, installing, servicing, and repairing cryogenic and high-pressure bulk gas storage and transfer solutions, is a valuable addition to TransTech’s portfolio.
CTR’s specialized capabilities are essential for gas producers and distributors navigating the dynamic industrial gas market. They offer a comprehensive range of solutions, including cylinder filling systems, advanced automation and control technologies, and comprehensive service for bulk storage tanks and transportation fleets. This acquisition positions TransTech as a comprehensive partner for plant owners and operators in the rapidly expanding cryogenic gas market, serving both the engineering and construction contractors who support them.
Greg Ezzell, President & Chief Growth Officer of TransTech Group, highlights the strategic alignment of this acquisition with their vision to enhance service offerings and cater to the evolving needs of the cryogenic gas market. He emphasizes CTR’s experienced team of cryogenic gas solutions experts, known for their ability to address complex challenges in the field.
Brian Holland, President of CTR, echoes the sentiment, emphasizing the benefits of joining forces with TransTech Group. He points out that the collaboration will allow CTR to leverage TransTech’s extensive engineering, fabrication, and project execution capabilities, along with its nationwide footprint, to deliver even greater value to existing customers while expanding their geographic reach. This partnership equips them to effectively meet the complex demands of industrial gas and air separation plant owners and operators striving to meet both growing market demand and the transition towards more sustainable solutions.
Integrating CTR’s products and services into TransTech’s portfolio enhances their ability to provide end-to-end cryogenic gas solutions, encompassing engineering and fabrication to installation, maintenance, and repair. This integration aligns with TransTech’s strategic expansion into key growth markets such as air separation, energy, food and beverage, healthcare, and other industries experiencing a surge in demand for cryogenic gas infrastructure.
Jeff Berlin, CEO of Bridge Industries, expresses his excitement about the acquisition, recognizing it as a significant milestone for TransTech Group. He welcomes the CTR team to their family of companies, emphasizing that this move aligns with Bridge’s strategic vision to establish TransTech Group as a world-class platform for delivering comprehensive infrastructure solutions across the industrial and energy sectors.
