What Reliant Holdings does

Reliant Holdings Ltd. is the largest privately held carbon dioxide (CO2) company in North America, operating a vertically integrated business spanning carbon capture, purification, liquefaction, and distribution to food, beverage, medical, industrial, agricultural, and oil & gas end markets. The company was founded in 1989 by the Vanderburg and Rice families after naturally occurring CO2 was discovered beneath their New Mexico ranch land, and has grown over 35+ years through a combination of organic plant construction and a sustained program of tuck-in acquisitions. The group captures CO2 from diverse feedstocks — including ethanol plants, ammonia production, high-pressure supercritical CO2 pipelines, natural gas separation facilities, and geologic sources — and processes it into food-grade, beverage-grade, USP medical-grade, and industrial-grade liquid CO2 plus an extensive dry ice product line.

The operating model is structured around six wholly-owned subsidiaries: Reliant Gases (bulk industrial and beverage gas for large users), Reliant Dry Ice with Pacific and Atlantic regional divisions, FloCO2 (CO2 well stimulation, enhanced oil recovery, and huff-n-puff services), Reliant Distribution and Reliant Metro Carbonation (micro-bulk beverage dispensing systems for restaurants and craft breweries), and Reliant Processing & Manufacturing (which designs and builds its own CO2 capture plants via an in-house ASME-coded shop holding pressure vessel permits in eight states). Stated production scale is 714,441 tons of liquid CO2 and 202,469,581 pounds of dry ice annually, distributed to 8,000+ customers across North America. Certifications across the product set include USP, FDA, GFSI, ISBT, Kosher, and ASME, supporting pharmaceutical, food, and industrial-grade market access.

Reliant generates revenue through a mix of recurring bulk liquid CO2 supply contracts, dry ice product sales, beverage carbonation system rentals and consumables, project-based well stimulation services (FloCO2), and occasional external plant design/build work via Reliant Manufacturing. The go-to-market is direct sales-led through dedicated division websites and division-level sales managers, with pricing quoted per volume, geography, and service requirement rather than publicly disclosed. The company is family-owned with no evidenced external equity investors, operating from Pampa/Midland, Texas, with recent facility expansions in Carrollton MO (2024), Park City IL (2022), Cheyenne WY (Q4 2025), and a March 2026 Burtek acquisition extending the dry ice network across six Midwest states.

Name

Reliant Holdings

Legal name

Reliant Holdings Ltd.

Website

https://reliantholdingsltd.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Reliant Holdings is the largest privately held CO2 company in North America, capturing and distributing beverage, food, USP, and industrial-grade liquid CO2 plus dry ice products to 8,000+ customers across food, beverage, oil & gas, medical, and industrial markets via six operating subsidiaries.

Ownership category

akta.pro rank

Product category

Industrial Gas Supply

NAICS

Industrial Gas Manufacturing (32512), Measuring, Dispensing, and Other Pumping Equipment Manufacturing (333914)

SIC

Oil & Gas Field Machinery & Equipment (3533), Refrigeration & Service Industry Machinery (3580), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI)

akta.pro secondary industries

CO2 Gathering & Compression (for EOR/CCUS feed) (EUALACAJ), CO₂ Storage & Sequestration for BECCS (Saline Aquifers, Depleted Fields, MRV) (EUAAALAF)

Keywords

• Industrial gas supply
• Carbon dioxide production
• Dry ice distribution
• Beverage carbonation services
• Well stimulation services

Headquarters

HQ city

Pampa

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bulk Liquid CO2 Sales: Sale of food grade, beverage grade, medical grade, and industrial grade liquid CO2 to large customers. Reliant Gases is the largest division supplying bulk gases and technical expertise to large users.
2. Dry Ice Products: Sale of dry ice products including blocks, slabs, standard pellets, bio cut, high density pellets, insulated shippers, extended duration shippers, and reusable gel-packs across North America.
3. Beverage Carbonation Services: Micro-bulk supply systems, cylinders, on-site nitrogen generators, full range of beverage gases, and safety equipment for restaurants, small breweries, and convenience stores.
4. Well Stimulation Services: CO2 well stimulation, enhanced oil recovery (EOR), huff-n-puffs, and CO2 purging/inerting services for oil and gas industry through FloCO2 division.
5. Plant Design and Construction: Design and build CO2 processing plants for internal use and external clients through Reliant Manufacturing with ASME coded shop capabilities.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Reliant Holdings captures, purifies, produces, and distributes beverage-grade, food-grade, USP medical-grade, and industrial-grade liquid CO2 along with dry ice products across North America. Through its divisions (Reliant Gases, Reliant Dry Ice, Reliant Distribution, Reliant Metro Carbonation, FloCO2, Reliant Manufacturing), the company supplies bulk and micro-bulk CO2 systems to restaurants, breweries and food processors, distributes dry ice across the U.S., provides CO2 well stimulation and enhanced oil recovery services to oil and gas operators, and designs/builds modular CO2 capture and liquefaction plants.

Product overview

Reliant Holdings operates as a vertically integrated family of companies specializing in carbon dioxide (CO2) capture, purification, production, and distribution across North America. The portfolio includes: Reliant Gases (bulk gases for food, beverage, medical, and industrial use), FloCO2 (well stimulation services including fracturing and EOR), Reliant Dry Ice with regional divisions (Reliant Dry Ice Pacific and Reliant Atlantic Group), Reliant Distribution and Reliant Metro Carbonation (beverage carbonation services), and Reliant Processing & Manufacturing (carbon capture facility design, construction, and operation). The company captures CO2 from diverse sources including ethanol plants, ammonia plants, natural gas separation facilities, and geologic formations, then processes and distributes it for applications in food processing, beverage carbonation, medical, industrial, agricultural, and energy sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Reliant Gases - Bulk Liquid CO2 Supply Bulk liquid CO2 supply in food, beverage, medical, and industrial grades delivered to large-volume customers with rail depots and service areas across multiple U.S. states.
• Reliant Dry Ice Products Dry ice products including blocks, slabs, standard pellets, bio cut, high-density pellets, insulated shippers, extended duration shippers, and reusable gel-packs distributed across the Pacific, Midwest, and Atlantic U.S. regions with 24/7 availability.
• Reliant Distribution Beverage Carbonation Services Micro-bulk CO2 supply systems, high-pressure cylinders (N2, O2, blended gas, CO2, helium), blended beer gas systems, pH water control, grow house CO2, and CO2 monitors for restaurants, convenience stores, craft breweries, and beverage dispensing customers.
• FloCO2 Well Stimulation Services CO2 well stimulation, enhanced oil recovery (EOR), huff-n-puffs, CO2 purging and inerting services, and DOE sequestration support for oil and gas operators across the United States.
• Reliant Manufacturing CO2 Plant Design and Construction Design, build, and permitting of modular industrial CO2 capture, purification, and liquefaction plants from ethanol, ammonia, natural gas separation, and geologic sources, with ASME-coded pressure vessel fabrication for internal use and external clients.

Quantifiable outcome

• Delivered products to over 8,000 customers across North America
• +4 more outcomes

Named customers5 records

Segments6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• BurtekcoreOthers · 5 March 2026Acquisition of Burtek, an Iowa-based dry ice company, expanding Reliant Dry Ice's network across six Midwest states: Iowa, South Dakota, Minnesota, Wisconsin, Illinois, and Nebraska. Burtek's existing infrastructure, customer relationships, and team integrate with Reliant Dry Ice operations.
• Dyno Nobel Inc.coreStrategic or Co-development Partner · 15 August 2025Strategic partnership to construct a new CO2 production and distribution facility at Dyno Nobel's Cheyenne, Wyoming manufacturing site. Dyno Nobel provides CO2 emissions from their manufacturing process which Reliant captures, purifies, and distributes for use in food, beverage, and industrial gas markets. Scheduled to open Q4 2025. This partnership supports sustainability goals by utilizing CO2 emissions that would otherwise be released.
• Show Me Ethanol LLCcoreStrategic or Co-development Partner · 4 April 2024Partnership to open a new Liquid CO2 and Dry Ice Plant in Carrollton, Missouri at Show Me Ethanol's facility. The plant captures biogenic CO2 from ethanol production and processes it for use in essential food, beverage, medical, and industrial markets. Demonstrates commitment to sustainability and wise use of natural resources.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Continental Carbonic Products: Continental Carbonic is a privately held producer and distributor of dry ice and liquid CO2 across North America, directly competing with Reliant Dry Ice, Reliant Gases, and Reliant Metro Carbonation in identical food/beverage, food processing, and industrial end markets. Comparable scale and footprint make it Reliant's closest pure-play peer.
• nexAir: nexAir is a privately held distributor of industrial, medical, and specialty gases in the U.S. Southeast, overlapping with Reliant Gases, Reliant Atlantic Group, and Reliant Distribution in beverage carbonation, welding, and food-grade CO2 markets. Similar customer mix (restaurants, breweries, food processors) and similar scale profile.

Broad incumbents

• Air Liquide USA: Air Liquide is a global industrial and medical gas major with a U.S. division that competes with Reliant Gases in bulk CO2, beverage carbonation, medical USP CO2, and dry ice-adjacent products. In 2016, the FTC forced Air Liquide to divest its Iowa assets to Reliant as part of the Airgas acquisition, evidencing direct overlap in food-grade and bulk CO2.
• Linde plc (Praxair legacy): Linde (Praxair) is the largest U.S. industrial gas major with a national bulk CO2, beverage-grade CO2, and dry-ice supply business competing head-to-head with Reliant. Mark Ohlmeier, Reliant's Director of Sales, spent 26 years at Air Liquide, evidencing the talent pipeline between Reliant and the gas majors.
• Air Products and Chemicals: Air Products is a major industrial gas producer with significant CO2, hydrogen, and helium supply capabilities in North America. It competes with Reliant in merchant liquid CO2 for food/beverage, well stimulation, and merchant customers, though it operates across a much broader gas portfolio.
• Matheson Tri-Gas: Matheson Tri-Gas is the U.S. subsidiary of Taiyo Nippon Sanso (TNSC) and a major industrial, medical, and specialty gas distributor. It competes with Reliant Gases and Reliant Metro Carbonation on bulk CO2, beverage, and specialty gas products in similar end markets.
• Messer Americas: Messer is a privately held industrial and medical gas company with substantial U.S. bulk CO2 and beverage-grade gas capabilities following its 2019 acquisition of the Linde/Praxair Americas business. Directly comparable to Reliant Gases and Reliant Dry Ice in food, beverage, and pharma-grade CO2.

Regional players

• Air Water Inc. Air Water is a Japanese industrial gas conglomerate with U.S. operations including CO2 and dry ice supply. While international in scope, its U.S. footprint overlaps Reliant's bulk gas and dry ice business and represents a regional/foreign-based peer to a primarily U.S.-scaled CO2 producer.

Emerging players

• Carbonic Service & Equipment (CSE): CSE is a smaller-scale CO2 and dry ice supplier focused on regional markets in the Midwest. Comparable niche of beverage, food processing, and industrial dry ice supply positions it as an emerging regional competitor to Reliant Dry Ice Midwest division.
• Rocky Mountain Air Solutions: Rocky Mountain Air Solutions is a regional industrial and medical gas distributor serving the Rocky Mountain region, directly overlapping with Reliant's planned Cheyenne, Wyoming plant footprint (Q4 2025) in food-grade and beverage CO2 supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/Reliant-Holdings-Ltd/559223314148281?rf=154268718113574
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Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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 Reliant Holdings