Houston, September 26, 2024 – TransTech Group, a leading provider of integrated industrial and energy solutions, has made a strategic move to expand its capabilities in the cryogenic gas market. The company has acquired Cryogenic Technology Resources (CTR), a well-respected provider of engineered solutions and services for the industrial gas market. This acquisition represents a significant step forward for TransTech, bolstering its portfolio and positioning it as a comprehensive partner for the entire cryogenic gas ecosystem.
CTR brings a wealth of expertise to TransTech, specializing in the design, fabrication, installation, service, and repair of cryogenic and high-pressure bulk gas storage and transfer solutions. This includes cylinder filling systems and advanced automation and control technologies, all crucial elements for gas producers and distributors operating in today’s dynamic industrial gas market. The company also plays a vital role in servicing, repairing, and recertifying bulk storage tanks and transportation fleets for major industrial gas producers. CTR’s integrated solutions cater to a wide range of sectors, including air separation, energy, food and beverage, healthcare, and more, addressing the growing demand across these industries.
This acquisition strategically aligns with TransTech’s vision to expand its service offerings and meet the increasing needs of the cryogenic gas market. Greg Ezzell, President & Chief Growth Officer of TransTech Group, expressed his enthusiasm, stating, “We’re thrilled to welcome CTR into the TransTech family and extend a warm welcome to our newest team members and customers. This acquisition aligns perfectly with our strategic vision to expand our service offerings and support the growing needs of the cryogenic gas market.” Ezzell highlighted CTR’s expertise, emphasizing, “CTR’s seasoned team of cryogenic gas solutions experts is renowned for their deep expertise and ability to solve the most complex cryogenic gas system challenges. Their specialized knowledge complements our existing capabilities, strengthening our ability to deliver even more comprehensive and innovative solutions to our customers.”
Brian Holland, President of CTR, shared his perspective on the merger, stating, “Joining forces with TransTech Group allows us to leverage their broad engineering, fabrication, and project execution capabilities and nationwide footprint to deliver even more value to our existing customers—while expanding our geographic reach.” He further emphasized the collaborative potential, stating, “Together, we are better equipped to meet the complex requirements of industrial gas and air separation plant owners and operators racing to meet both growing market demand and the transition towards more sustainable solutions.”
Jeff Berlin, from Bridge Industries, the parent company of TransTech, underscored the strategic significance of this acquisition, stating, “The acquisition of CTR marks a strategic milestone for TransTech Group as it continues to enhance its capabilities to serve the evolving needs of the industrial gas market, while advancing its overall strategic vision to establish a world-class platform for delivering comprehensive infrastructure solutions across the industrial and energy sectors.”
This acquisition is poised to drive significant growth and innovation within the cryogenic gas market, as TransTech leverages CTR’s expertise and capabilities to offer even more comprehensive and innovative solutions to its customers.
