Bridge Industries Announces TransTech Group's Acquisition of Cryogenic Technology Resources (CTR) to Expand Technical Capabilities, Product Reach, and Manufacturing Footprint
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CLEVELAND, Sept. 26, 2024 ~ Bridge Industries (Bridge), a private holding company focused on manufacturers and distributors of engineered products and solutions, has recently announced the acquisition of Cryogenic Technology Resources (CTR) by its portfolio company, TransTech Group (TransTech). This strategic move strengthens TransTech's position in the rapidly expanding cryogenic gas market and establishes it as a comprehensive partner for plant owners and operators.

CTR is a well-respected company known for its expertise in cryogenic systems and high-pressure bulk gas storage and transfer solutions. Their capabilities include design, fabrication, installation, service, and repair of cryogenic and high-pressure bulk gas storage systems, as well as advanced automation and control technologies. These services are crucial for gas producers and distributors operating in today's dynamic industrial gas market.

In addition to their expertise in cryogenic systems, CTR also serves as a leading partner for the service, repair, and recertification of bulk storage tanks and transportation fleets for major industrial gas producers. Their comprehensive solutions are tailored to meet the growing demand across multiple sectors.

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Greg Ezzell, President & Chief Growth Officer of TransTech Group, expressed his excitement about the acquisition stating that it aligns with their strategic vision to enhance service offerings and support the evolving needs of the cryogenic gas market. He also highlighted CTR's experienced team of experts who are well-regarded for their capabilities in addressing complex challenges in this field. Ezzell believes that their expertise will complement TransTech's existing capabilities, allowing them to deliver even more innovative solutions to their customers.

Brian Holland, President of CTR, also shared his enthusiasm about joining forces with TransTech Group. He believes that this partnership will allow them to leverage TransTech's broad engineering, fabrication, project execution capabilities, and nationwide footprint to deliver more value to their existing customers while expanding their geographic reach. Together they will be better equipped to meet the complex requirements of industrial gas and air separation plant owners and operators.

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The integration of CTR's products and services into TransTech's portfolio will enhance their ability to provide end-to-end cryogenic gas solutions. This includes engineering, fabrication, installation, maintenance, and repair. This integration supports TransTech's strategy to expand across key growth markets such as air separation, energy, food and beverage, healthcare, and other industries where demand for cryogenic gas infrastructure is surging.

Jeff Berlin, CEO of Bridge Industries, also commented on the acquisition stating that it represents another significant milestone for TransTech Group. He expressed his excitement about welcoming the CTR team to their family of companies and believes that this move advances Bridge's strategic vision to establish TransTech Group as a world-class platform for delivering comprehensive infrastructure solutions across the industrial and energy sectors.

With this acquisition, TransTech Group is well-positioned to meet the growing demand for cryogenic gas solutions in various industries. Their expanded capabilities and expertise will allow them to provide innovative solutions to their customers while also supporting the transition towards more sustainable solutions.
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