Investment bank Matrix Capital Markets Group announced it has sold Houston-based Medical Gas Supply LLC, d/b/a Bestway Welding Supply, to American Welding & Gas Inc., Raleigh, North Carolina, an independently owned producer and distributor of industrial, medical and specialty gases. Financial terms of the deal weren’t disclosed.

“The AWG brand is nationally recognized for excellent customer service, loyalty to employees, and above all else operating with integrity,” said Ernest “Cotton” Speed III, president of Bestway. “I can’t think of a better partner to help Bestway’s employees usher in this next phase of growth. The team at Matrix has been exceptional in every respect. The level of service and support I received was incredible, and they were able to create immense value for my business during the transaction process.”

Jason Krieger, president and CEO of AWG, added, “We are very pleased to welcome Bestway and their impressive team to AWG. Their focus on service first has provided them great growth in Houston. It also aligns well with our mission of providing productivity solutions for our clients with superior customer service. Together, we have a strong platform for growth in Texas.”