Caxton-Iseman Closes VNG Buyout

Caxton-Iseman Capital has completed its acquisition of Valley National Gases Inc. (AMEX: VLG) for $27 per share. The total deal was valued at approximately $304 million, including around $63 million in assumed debt. Valley National is an independent U.S. distributor of industrial, medical and specialty gases delivered in “packaged” or cylinder form, related welding equipment and supplies and non-pipeline propane.www.vngas.com