Fluitron buys Bethlehem Hydrogen
By Keefe Borden10 November 2021
Fluitron Inc. has purchased Bethlehem Hydrogen Inc., a manufacturer of integrated hydrogen compression, dispensing and storage systems. ARA Partners, a private equity firm focused on industrial decarbonization, sponsored the acquisition. Terms of the deal were not revealed.
Founded in 2009, BHI maintains its headquarters in Northampton, PA and has an engineering office in Kochi, India. BHI manufactures its systems in both the United States and India and sells to customers globally. BHI’s President, Tom Joseph, will serve as vice president of business development at Fluitron.
Fluitron said its acquisition of BHI marks the first step in building a global platform of hydrogen infrastructure and refueling solutions. Fluitron and BHI will work together to provide cost-competitive and high-quality integrated hydrogen compression, dispensing, and storage systems.
“We have been very impressed by BHI’s track record over the past decade in providing cutting-edge integrated hydrogen systems,” said Bob Chiccarine, Fluitron vice president. “BHI has many years of experience providing integrated hydrogen systems to customers around the world. The company’s strong institutional knowledge, global customer relationships, and talented group of employees will strengthen Fluitron and expand its geographic reach.”
“For more than a decade, BHI has provided customers with engineered, customized hydrogen technology solutions for energy storage and use in diverse markets,” said Tom Joseph. “We have a record sales backlog for hydrogen systems and look forward to working hand-in-hand with the Fluitron team to further cross-sell and deliver integrated solutions for our customers.”
Based in Ivyland, PA, Fluitron manufactures customized gas compression equipment, including diaphragm compressors, pressure vessels and piston compressors for industrial gas and hydrogen applications, and provides aftermarket services including maintenance, repairs, and spare parts. Founded in 1976, Fluitron currently operates worldwide and has in-house manufacturing, engineering, and design capabilities.
Based in Northampton, PA, BHI makes customized integrated hydrogen compression, dispensing, and storage systems. BHI provides engineering and design services for hydrogen systems and assembles equipment at its facilities in the U.S. and India. Founded in 2009, BHI currently operates worldwide and has in-house manufacturing, engineering, and design capabilities.
Ara Partners is a private equity firm specializing in industrial decarbonization investments.