STUART, Fla.–(Business Wire)–NuCO2, the largest supplier in the U.S. of bulk CO2 systems and services for
carbonating fountain beverages, today announced that it has acquired the bulk
CO2 beverage carbonation business, including nearly 10,000 bulk CO2 customer
accounts and related assets, from nexAir. Upon completion, NuCO2 will have a
total of approximately 128,000 accounts. NuCO2 expects the acquisition to add
revenues of approximately $13 million annually.

Based in Memphis, TN, nexAir`s bulk CO2 beverage carbonation business primarily
spans 15 mid-south states and is complementary to NuCO2`s existing markets.
NuCO2 currently has facilities operating in all of nexAir`s service areas. The
majority of nexAir`s employees engaged in its beverage carbonation business are
expected to join NuCO2.

“The acquisition of nexAir`s bulk CO2 beverage carbonation business provides
NuCO2 with a sizable addition to our existing bulk CO2 business and is an
excellent fit with our market position and service capabilities in these
geographies,” said Michael E. DeDomenico, NuCO2`s Chairman and CEO. “This
business operates with high quality and service standards that are similar to
those of NuCO2. We expect a smooth and seamless integration of the business into
NuCO2`s existing service platform, as well as for all our customers.”

Terms of the acquisition were not disclosed. NuCO2 said the acquisition would be
financed primarily with additional investment provided by Aurora Capital Group
and its affiliates.