NEW YORK, Jul 07, 2008 (BUSINESS WIRE) -- Oilind Safety, a leading provider of rental safety equipment and
safety services in the United States, has been acquired by Airgas,
Inc., one of the largest U.S. distributors of safety products and a
leading distributor of industrial, medical and specialty gases and
hardgoods.

Citi Capital Strategies, a leading provider of investment banking
services to privately held businesses, served as the exclusive
financial advisor to Oilind Safety. The terms of the transaction were
not disclosed.

"We are pleased to team our client with a quality buyer that will
help Oilind Safety to continue its growth and assist with the
expansion of Oilind Safety's rental safety equipment and safety
services footprint in the U.S. market," said Greg A. Moore, Managing
Director at Citi Capital Strategies.

"Oilind Safety, Inc. is thrilled to be partnering with a company
that has such a national scale and strong presence as Airgas," said
Kirk Peda, current President of Oilind Safety. "Working with Airgas'
talented management team will allow us to broaden our expertise in the
important industrial safety category and will provide synergies in
Airgas' construction and rental businesses. With its tremendous
resources, Airgas is an ideal fit for Oilind Safety, and we look
forward to working with them to execute our combined vision for the
future."

Mike Molinini, executive vice president and chief operating
officer of Airgas, Inc. added, "The addition of Oilind Safety will
help us take our construction business to the next level." Oilind
Safety, headed by Peda, will report to Jack Appolonia, vice president
of construction and rental business.

Citi Capital Strategies is a leading investment bank dedicated to
serving the needs of closely held and family owned businesses. Citi
Capital Strategies specializes in mergers, acquisitions,
recapitalizations, ESOPs, corporate real estate investment banking
services, and capital solutions for private businesses. Citi Capital
Strategies is a division of Citigroup Global Markets Inc. Member SIPC.
For more information, visit our website at
www.citicapitalstrategies.com

Oilind Safety, founded in 1963, provides a complete line of rental
safety equipment, such as fall protection, breathing air and gas
monitoring systems, and safety management services for audits,
training and emergency response planning. For more information, visit
Oilind Safety's website at www.oilind.com.

Headquartered in Radnor, PA., Airgas, Inc. is the largest U.S.
distributor of industrial, medical, and specialty gases and related
hardgoods, such as welding equipment and safety supplies. For more
information, visit Airgas' website at www.airgas.com.

SOURCE: Citi Capital Strategies

Press:
Citi Global Wealth Management
Media Relations
Mark Costiglio, 212-559-2178
mark.costiglio@citi.com

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