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Martin Quinn News

18 Feb 2014

Victor Technologies Sold to Colfax Corp. in Cash Transaction

Welding image CCL2

Private equity firm Irving Place Capital (IPC) and Victor Technologies (Victor) announce they have entered into a definitive agreement to sell Victor to Colfax Corporation (Colfax), a global manufacturer of gas and fluid-handling and fabrication technology products. Victor is a leading designer and manufacturer of a comprehensive suite of metal cutting, gas control, and specialty welding products. IPC acquired Victor, which was previously named Thermadyne Holdings Corporation, in a take-private transaction in December 2010.

06 Nov 2013

Victor Technologies Acquires Gas-Arc Group

Victor Technologies has announced it has acquired Gas-Arc Group Ltd, a privately held manufacturer of gas control equipment based in the United Kingdom, for approximately $40 million in cash, subject to post-closing adjustments. Gas-Arc's portfolio includes branded gas control products that meet specialty gas application requirements as well as cutting and welding equipment for the industrial, laboratory and medical gas control markets. Gas-Arc will continue to operate under its own name. “Gas-Arc has shown an ability to anticipate changes in the market and innovate quickly, allowing customers to capitalize on the latest industrial, laboratory and medical opportunities,” said Martin Quinn, CEO of Victor Technologies.

22 May 2012

Thermadyne Changes Name to Victor Technologies

Thermadyne Holdings Corporation  announced on May 21, 2012 it has changed its name to Victor Technologies Group, Inc. and the name of its wholly owned subsidiary Thermadyne Industries, Inc. to Victor Technologies International, Inc. “To re-position the company in the marketplace, we are returning to our roots,” says Martin Quinn, the company’s Chief Executive Officer. Victor is the company’s strongest and most established brand, celebrating its 100th anniversary in 2013. “By leveraging the Victor name…