Hudson acquires USA Refrigerants in $20.7m deal
7th June 2024
USA: Refrigerant supplier Hudson Technologies has announced the acquisition of “substantially all” of the assets of USA United Suppliers of America, trading as USA Refrigerants for $20.7m.
New Jersey-based USA Refrigerants is a national refrigerant distributor and has been a leading purchaser of recovered refrigerants for over 25 years.
The purchase price is subject to customary post-closing adjustments, and up to an additional $2m in potential earnout payments.
Hudson CEO Brian F Coleman said that the acquisition would increase Hudson’s ability to source recovered and reclaimed refrigerants, driving increased sales of these higher margin refrigerants.
“With the addition of the USA team, Hudson will create a dedicated refrigerant acquisition group focused on acquiring all types of refrigerants from CFCs to HFCs and the latest generation products,” he said.
Hudson also expects to benefit from USA Refrigerants’ customer base, which has generated average revenues of around $20m per year over the last three years.
