Falcon Gases Announces Strategic Majority Investment from Odyssey Investment Partners

Acquires Encore Gas & Supply, Initial Investment of Packaged Gas Growth Platform

LONG BEACH, Calif. & NEW YORK--(BUSINESS WIRE)--Falcon Gases (“Falcon”), a packaged gas growth platform, today announced it has secured a strategic majority investment from Odyssey Investment Partners (“Odyssey”). Additionally, Falcon has acquired Encore Gas & Supply (“Encore”), a premier west coast independent gas and welding supply distributor. Encore is Falcon’s initial investment. Terms of the transactions were not disclosed.

Founded in late 2025, Falcon is led by a team of industry veterans spanning industrial gases and successful private-equity backed buy-and-build strategies.

Pete Jeffe, CEO of Falcon, said: “These transactions create a strong foundation for Falcon to execute its strategy of becoming a high-growth, well-capitalized, and large-scale independent packaged gas distribution platform. We now have the ideal partners in place to build Falcon into a market leader, with Odyssey’s track record of supporting and growing industrial businesses, and Encore’s proven track record, outstanding reputation, and customer service.”

Fueling Expansion with Leading Growth Capital Partner

Odyssey will work closely with Falcon’s management team to accelerate the combined company’s strategy, growth, and M&A expansion.

“Odyssey is proud to support the Falcon management team as it embarks on what we believe is an exciting growth initiative in the packaged gas sector,” said Henry Bendit, Managing Principal at Odyssey Investment Partners. “Our firm has a long history of investing in industrial distribution that will be highly valuable as the talented executives from Falcon and Encore build something unique within this market."

“Odyssey is the ideal investment partner for Falcon. Their deep capital base combined with their experience in similar businesses, and people-first approach is the perfect fit for the platform we are building,” Jeffe added.

Encore Acquisition Sets Foundation

Operating through three southern California locations, Encore provides a wide offering of packaged gases, microbulk, welding supplies, and technical services. In addition to its product offerings, the company is known for its best-in-class customer service.

Ben Anderson, President of Encore, said, "We are excited to partner with Pete and the Falcon team to build a leading packaged gas and welding platform. As Encore enters is next phase of growth we will continue with the core belief that has made us successful to date: invest in customers, people, and assets, and the rest will take care of itself.”

Jeffe concluded, "Our approach is focused on not just acquiring businesses but forming partnerships with owners and managers to work cohesively to build Falcon together. Encore and Ben stand out as the perfect foundational partnership, and we are very excited to build with them. Encore has a track record of growth, exceptional customer service, and a deep belief that people and relationships are what drive success.”

About Falcon

Founded in late 2025, Falcon is a leading packaged gas distribution platform. Focused on both organic growth and acquisitions, Falcon’s strategy is to work hand-in-hand with leading independent distributors to grow both their businesses and the broader platform as one. Falcon and its partners prioritize a customer and employee first approach to build for the long term. The company is led by a team of industry veterans with track records in both packaged gases and building acquisition-focused businesses to scale.

About Encore

Founded in 2014 by industry veteran Ben Anderson, President, and owner Kelly Park, Encore has grown from a startup to a leading regional gas & welding supplier. Their core business includes gas cylinder distribution, bulk gas sales, welding equipment and supplies, and technical services.

About Odyssey

Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.