FOR IMMEDIATE RELEASE — April 30, 2026

CM2 Supply announced the acquisition of Toll Gas and Welding, a well-established industrial gas and welding supply company with deep roots in the American Midwest.

Founded in 1945, Toll Gas and Welding has built a strong reputation for dependable service, technical expertise, and long-standing customer relationships. The company provides a broad range of industrial gases, welding equipment, and related solutions to customers across its markets, serving manufacturing, fabrication, and industrial operations.

"This acquisition represents an important step forward for CM2 Supply," said Joe Francis, CEO. "Toll shares our commitment to customer service, safety, and long-term relationships. Bringing our teams together allows us to expand our capabilities while staying true to the values that have guided our businesses for decades."

The addition of Toll Gas and Welding strengthens CM2 Supply's regional presence and enhances its ability to support customers with a broader portfolio of products, services, and technical expertise. Customers can expect the same trusted service and relationships they rely on today, with additional resources and support as the organizations move forward together.

Toll Gas and Welding will continue serving its customers with the same local focus and commitment they have come to trust, now enhanced by the expanded network and capabilities of CM2 Supply. Throughout the integration of operations and teams, the priority is to ensure continuity and a consistent, high-quality service experience for customers.

CM2 Supply was formed through the December 1, 2025 merger of Central McGowan and Minneapolis Oxygen, creating one of the Midwest's largest family-owned distributors of welding supplies, industrial and specialty gases, dry ice, beverage carbonation, and automation solutions. The Toll Gas and Welding deal is the company's first major tuck-in acquisition since the merger and extends a 2026 consolidation wave across the U.S. welding distribution channel that has also included Meritus Gas Partners' acquisitions of Metroplex Welding Supply, Greens Welding Supply and HICO Distributing of Colorado.