American Gas Products

What American Gas Products does

American Gas Products (AGP) is a US-based industrial gas distributor that has supplied helium, propane, and specialty gases since 1978, with the formal corporate entity AGP LLC formed in 2002. The company is the largest independent purchaser of balloon helium in the US market, sourcing from four owned helium wells and operating seven fill plants in Boston, Washington, Oklahoma, Georgia, Texas, and Louisiana, with three additional plants under construction in Chicago, Philadelphia, and California. AGP distributes through a 28-state network of independent industrial gas distributors, with local cylinder and bulk delivery concentrated in Eastern Massachusetts and Southern New Hampshire, and serves national accounts ranging from 10 to over 10,000 locations across the balloon industry, supermarkets, beverage and food service, construction, life sciences and healthcare, semiconductor manufacturing, entertainment, and general industrial segments.

The company's revenue model is primarily hardware-based — selling cylinder, bulk, and specialty gases under quote-based pricing — with an all-inclusive helium pricing model that bundles product, delivery, rental, and hazmat charges for long-term supply stability. Supporting infrastructure includes the proprietary AGP Flex electronic ordering and cylinder tracking system, vendor-managed inventory programs, bulk on-site cylinder filling services, on-site CO2 and nitrogen generator systems, and 24/7 emergency service. Go-to-market is sales-led, combining field representatives, inside sales via toll-free and local phone lines, an e-commerce customer portal, website quote request forms, and industry association channels (GAWDA, IAAPA, Party Club of America). The product portfolio spans helium, propane, nitrogen, oxygen, argon, carbon dioxide, rare and specialty gases, plus add-on modules for semiconductor gases, medical gases, beverage systems, and temporary propane supply.

Since September 28, 2023, AGP has operated as a wholly owned subsidiary of Air Water America Inc., itself a subsidiary of Japan-listed Air Water Inc. (established 1929), a global industrial gas group with consolidated net sales of approximately JPY 1,005 billion (USD 7.2 billion) for fiscal year ending March 31, 2023. The acquisition positions AGP within a multinational industrial gas platform with access to additional helium sourcing and capital for continued US expansion, while AGP's brand and New England operating identity have been retained under new CEO Matt D'Auria. AGP's headcount of 51-100 employees and its national helium footprint, combined with regional non-helium service depth, place it as a mid-sized independent industrial gas distributor now operating within a global strategic platform.

Name

American Gas Products

Legal name

American Gas Products Inc.

Website

https://agpgas.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

American Gas Products (AGP) is a US industrial gas distributor and the largest independent purchaser of balloon helium in the US, supplying helium, propane, and specialty gases through 7 fill plants and a 28-state distributor network to balloon, supermarket, beverage, construction, medical, and semiconductor customers. Since September 2023, AGP has operated as a subsidiary of Air Water America Inc.

Ownership category

akta.pro rank

Product category

Industrial Gas Distribution

NAICS

Industrial Gas Manufacturing (32512), Fuel Dealers (457210)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Process Gases & Gas Delivery Consumables (Specialty/Bulk/UHP) (HDAHAGAL)

akta.pro secondary industries

Electronics & Semiconductor High-Purity Gases (IMAEACAG), Medical & Healthcare Gases (IMAEACAF), Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI), On-Site Gas Generation Systems (IMAEACAJ), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL)

Keywords

• Industrial gas supply
• Helium distribution
• Medical gas supply
• Propane distribution
• Specialty gas supply

Headquarters

HQ city

Everett

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Gas Sales: AGP generates revenue primarily through the sale of industrial gases including helium, propane, nitrogen, oxygen, argon, carbon dioxide, and specialty gases. Revenue comes from cylinder sales, bulk gas delivery, and cylinder rental programs. Services include vendor-managed inventory, emergency 24/7 service, and nationwide delivery.
2. Helium Supply Services: Wholesale and retail helium supply with long-term pricing stability. Revenue includes product, delivery, rental, and hazmat charges in all-inclusive pricing. New bulk helium delivery programs allow direct cylinder filling at customer sites.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

American Gas Products (AGP) supplies and distributes industrial, medical, and specialty gases — primarily helium, propane, nitrogen, oxygen, argon, and carbon dioxide — in cylinder and bulk formats. The company owns four helium wells, operates seven nationwide fill plants, and serves multi-location customers through a network of independent industrial gas distributors across 28 states. Helium is the flagship product line, where AGP is the largest independent purchaser of balloon helium in the US market.

Product overview

American Gas Products (AGP) is an industrial gas supplier operating as a platform offering multiple gas products and related services. The core product portfolio includes Helium (the leading product, with AGP being the largest independent purchaser of balloon helium in the US), Propane, Nitrogen, Oxygen, Argon, Carbon Dioxide, and Rare & Specialty Gases. Supporting modules include Beverage Systems (bulk CO2 and nitrogen generators), Semiconductor Gases, Medical Gases, Temporary Propane Supply, and Wholesale Helium Supply programs. AGP serves diverse markets including balloon industry, supermarkets, construction, life sciences/healthcare, semiconductor manufacturing, entertainment/beverage, and retail sectors across the continental United States through their network of fill plants and distribution partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Helium Balloon-grade and industrial helium sourced from four independently owned helium wells, with nationwide distribution through fill plants and a 28-state distributor network. AGP is the largest independent purchaser of balloon helium in the US market.
• Propane Residential and industrial propane supply for heating, cooking, RVs, restaurants, construction sites, power generation, refrigeration, and forklift fueling in eastern Massachusetts and southern New Hampshire.
• Nitrogen Industrial and liquid nitrogen supply serving food and beverage, healthcare, pharmaceutical, welding, aerospace, automotive, and energy industries.
• Oxygen Medical and industrial oxygen (gas and liquid) with full FDA certification, supporting medical van oxygen filling, healthcare, pharmaceutical, biotechnology, welding, aerospace, automotive, and energy applications.
• Argon Argon gas supply for welding and metal fabrication, metal production, automotive, aerospace, chemicals, diving, electronics, energy, laboratories, and pharmaceutical applications.
• Carbon Dioxide (CO2) CO2 and beer gas supply for industrial uses including food and beverage, healthcare, pulp and paper, welding, and metal fabrication.
• Rare & Specialty Gases Specialty gases including carbon monoxide, sulfur hexafluoride, methane, xenon, ethane, nitrogen trifluoride, and semiconductor gases supplied in various cylinder sizes and purities.
• Medical Gases Medical-grade gases including bulk medical oxygen, liquid nitrogen for cryosurgery and sample storage, medical air, medical carbon dioxide, nitrous oxide, purified helium, and special gases for analytical instruments, plus medical piping systems.
• Semiconductor Gases High-purity semiconductor gases including arsine, boron trifluoride, chlorine, dichlorosilane, germane, halocarbons, hydrogen chloride, nitrous oxide, phosphine, silane, and silicon tetrafluoride, plus gas handling equipment and turnkey piping systems for semiconductor manufacturing.
• Beverage Systems Bulk Carbon Dioxide and Nitrogen Generator Systems for beverage carbonation, including MicroBulk CO2, Nitrogen Generators, and beverage gas cylinders designed to eliminate downtime, product loss, and cylinder handling.
• Wholesale Helium Supply National wholesale helium supply with guaranteed long-term supply, long-term pricing stability, all-inclusive pricing (product, delivery, rental, hazmat), and sourcing from independent wells free from Bureau of Land Management dependency.
• Bulk Helium Delivery Programs Bulk helium delivery programs where AGP fills cylinders directly at customer sites, removing the need for ground storage, pumping systems, or tube trailers at the customer location.
• Temporary Propane Supply Temporary propane supply for construction projects in eastern Massachusetts, including delivery via bulk transport and/or cylinder vehicles, propane permit coordination, and temporary storage systems in 100lb, 420lb, 500G, and 1000G sizes.

Quantifiable outcome

• AGP has established helium well sources and filling stations at 7 nationwide locations with sales network in 28 states
• +1 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Linde plc: Linde is the world's largest industrial gas company, supplying atmospheric, specialty, and electronic gases globally. As a broad incumbent, it competes with AGP across helium, medical, and specialty gas verticals, though Linde serves mega-enterprise customers with onsite and bulk contracts that AGP does not match in scale.
• Air Liquide: Air Liquide is a global industrial gas major with strong US presence (formerly Airgas). It competes with AGP across the full industrial gas stack — bulk, cylinder, specialty, and medical — and brings far greater scale, capital, and contract structures to the same customer segments AGP serves.
• Air Products and Chemicals: Air Products is a leading global industrial gases and hydrogen supplier with significant US helium and specialty gas operations. As a broad incumbent, it competes with AGP in helium, hydrogen, and bulk/cylinder gas supply — though its customer profile skews toward large industrial and onsite contracts.
• Messer Americas: Messer Americas is the US arm of privately held Messer Group, the world's largest privately held industrial gas company. It competes with AGP across bulk, cylinder, and specialty gases, serving industrial, medical, and food/beverage customers with broader geographic coverage.

Direct peers

• Matheson Tri-Gas: Matheson Tri-Gas is a US-focused industrial and specialty gas distributor owned by Nippon Sanso Holdings. It directly competes with AGP across cylinder and bulk atmospheric gases, specialty gases, and electronics/semiconductor segments, serving similar industrial and SMB customers.
• nexAir: nexAir is a US-based industrial gas and welding supply distributor serving the Southeast and Mid-South. As a similarly sized independent player, it competes with AGP in cylinder and bulk industrial gas distribution for welding, manufacturing, and medical customers.
• Norco: Norco is a US-based industrial gas, welding, and propane distributor with branches across the western US. It is comparable to AGP's non-helium business, competing in cylinder and bulk atmospheric gases, propane, and specialty gas supply for industrial and SMB customers.
• American Welding & Gas: American Welding & Gas is a regional US industrial gas and welding supply distributor operating across the Midwest and Mountain West. It is a comparable independent distributor competing with AGP in cylinder gases, argon, and welding supply for industrial customers.
• Weldstar: Weldstar is a US specialty gas and welding supply distributor based in the Midwest, focused on specialty gases, calibration, and high-purity applications. It is comparable to AGP's specialty and rare gas offerings for industrial and laboratory customers.

Regional players

• Rocky Mountain Air Solutions: Rocky Mountain Air Solutions is a US-based industrial and medical gas distributor serving the Rocky Mountain region. As a regional independent, it competes with AGP in cylinder and bulk gas supply but does not directly overlap in AGP's balloon helium or East Coast markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/american-gas-products-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Gas Products