Lane Industrial Supply Company, Denver, a wholesale distributor of general manufacturing, industrial, millwork and construction supplies, has acquired Compressed Air Technologies, Monroe, Ohio.
Compressed Air was assisted in the sale by Generational Equity, a mergers and acquisitions advisor for privately held businesses. Terms of the transaction were not disclosed.
Compressed Air Technologies sells and services air compressors for commercial and industrial businesses. The company is a certified Kaeser distributor providing service, sales and rentals across Ohio, Kentucky and Indiana.
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