LOCAL TOUCH | REGIONAL EXCELLENCE | NATIONAL RESOURCES
Building a leading
industrial gas platform.
Our mission is simple – to build a world-class packaged gas business, made up of the highest quality distributors, managers, employees, and customers.
A partnership-driven approach to growth.
We offer leading independent distributors the opportunity to partner with a value-add platform while preserving their legacy and the day-to-day “local touch” that has been critical to their success.
Our Team
With an average of over 25 years of experience, we offer a distinctive blend of deep industry knowledge and a proven track record of successfully growing and sustaining businesses of all sizes.
We have worked together and known each other for years, sharing a common passion for this industry and for forming long-lasting, positive relationships.
Our Financial Partners
Falcon is financially backed by Tailwind Capital, an investment firm with over $4 billion of assets under management and a long history of successfully building industrial businesses.
Markets & Products.
▸ Hydrogen
▸ Helium
▸ Propane
▸ Compressed Air
▸ Specialty Gases
▸ Nitrogen
▸ Oxygen
▸ Acetylene
▸ Argon
▸ Carbon Dioxide
Industrial
Reliable supply of industrial gases for diverse applications.
Medical
FDA-compliant gases for safe medical use.
Specialty
Ultra-pure specialty gases and custom blends.
Bulk/Microbulk Gases
Flexible delivery for bulk and microbulk orders.
Welding Supplies
High-quality welding tools and equipment.
Our Strategy is to build regional scale and operational excellence in preferred markets.
We measure success not only in financial results, but also in customer service, employee culture, and reputation.
Deliver
best-in-class customer service
Empower
outstanding local teams
Invest
in thriving independent distributors
Align
key stakeholders with shared financial upside
Create
scale through additional acquisitions
Pursue
sales growth with discipline and purpose
Invest
in thriving independent distributors
Pursue
sales growth with discipline and purpose
Create
scale through additional acquisitions
Empower
outstanding local teams
Deliver
best-in-class customer service
Align
key stakeholders with shared financial upside
Why partner with Falcon Gases?
Monetize your hard work. Keep continuity with your business. Create new opportunities for your employees. Treat your customers right.
Business Continuity
We prioritize what makes your business great — your people, your customers, and your reputation.
Local Touch
We believe that local and regional relationships and knowledge are key differentiators.
Team Expertise
Partners benefit from Falcon’s deep expertise in packaged gas operations, upstream gas procurement, sales growth, acquisitions, and strategy.
Deal Flexibility
We tailor and structure deals to your goals — no one size fits all.
Long-Term Partnership
We pride ourselves on our ability to form strong, lasting relationships with our partners, colleagues, and stakeholders.
Financial Upside
Along with deal liquidity, partners receive platform equity with significant upside in the broader Falcon business.
Our Team
Pete Jeffe ▸ CEO
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Pete has over 20 years of experience as a business leader and entrepreneur with a track record of successfully building industrial gas and energy companies to scale. In 2005, Pete began his career as an analyst at Goldman Sachs. In 2010, he went on to co-found Hawkwood Energy, an oil & gas company based in Colorado and Texas. During his 10-year tenure, Hawkwood grew from one employee to a $300 million EBITDA business. Prior to co-founding Falcon, Pete served as CEO of StratosFuel, a hydrogen production startup. Stratos developed a large-scale facility in California, while securing customers that ranged from regional packaged gas distributors up to one of the largest global industrial gas companies. Over his career, Pete’s ventures have been backed by leading private equity funds such as Warburg Pincus, Ontario Teachers’ Pension, and Tailwind Capital. His deal work includes closing more than 50 transactions totaling over $1.5 billion, ranging from small family-owned businesses to large public transactions.
He has an MBA from Stanford University and a BA from Lafayette College, where he played Division-I golf. Pete is married with two young children and enjoys spending time with his family, skiing, and remains an avid golfer.
Chris Granger ▸ CCO
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Chris brings 40 plus years of experience in the industrial gas industry. He spent a majority of those years in commercial and leadership roles first at Union Carbide and then at Praxair/Linde (where he met Steve), which included the bulk, pipeline, onsite, and distribution businesses. After 37 years, Chris retired from Linde as a VP leading the packaged gas business in the south region. After Linde and prior to co-founding Falcon, Chris served as CCO for BayoTech, a hydrogen growth company, where he first met Pete at Stratos and reconnected with Steve. At BayoTech, Chris was instrumental in the success of their trailer business and the company’s first commercial hydrogen plant in Missouri.
Chris has a BS from Southern Connecticut State University and MBA from Western Connecticut State University. In his free time, Chris enjoys traveling with his wife and attending baseball games around the country with his son. He is also an accomplished musician, playing bass for a Foo Fighters tribute band, and has been a certified private pilot for over 10 years.
Steve Morton ▸ VP Projects
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Steve has nearly 40 years of experience in industrial gases, most of which has been focused on operations and safety. He began his career in the mid-1980’s operating one of the oldest air separation plants in the country for Union Carbide, which later became Praxair. In the ensuing decades at Praxair, Steve led numerous operations, including one of the world’s largest gas production complexes in Chicago. Steve rose to Western US Region Director, and ultimately the VP of Operations for all of the United States. After retiring from Linde/Praxair after 37 years (where he worked with Chris) and prior to co-founding Falcon, Steve worked with Pete at Stratos as COO.
Steve has a BS from State University of New York and MBA from Olivet Nazarene University. Steve’s family has worked in the industrial gas business for over 100 years, with his grandfather originally starting in packaged gases in the 1920’s. Steve and his wife enjoy hiking and traveling, especially to spend time with their four children and four grandchildren.
Eric Friedman ▸ CFO
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Eric has nearly 15 years of experience in finance, startups, and energy. He started his career in investment banking at Credit Suisse before moving to private equity at New Mountain Capital, where his deal work included specialty distribution investments. After that, Eric joined GiveDirectly, a startup nonprofit backed by Google and other business leaders. GiveDirectly focused on cash transfers in Africa and during Eric’s tenure grew to a leading international organization with over $300 million in revenue. Returning to the US, Eric then worked with several clean energy and hydrogen startups. Prior to co-founding Falcon, Eric worked with Pete and Steve as CFO at Stratos.
Eric has a BA from Yale University. He enjoys traveling and rock climbing, and he remains a devout Philadelphia sports fan.
James Palmisano ▸ Senior Advisor
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Jim brings more than 40 years of experience in the industrial gas distribution industry, with deep expertise as an operator, owner, and advisor to independent distributors. Over the course of his career, Jim held senior commercial and leadership roles at Liquid Carbonic, AGA Gas, and Linde.
Jim is an accomplished entrepreneur who has lived the full lifecycle of distributor ownership. He founded and led CIMS Gas Products, scratch-starting the business and growing through both organic expansion and acquisitions. Under his leadership, CIMS acquired three competitors, expanded distribution across nine eastern states, and ultimately executed a successful sale. Today, Jim serves as Managing Member of CIMS Gas Consulting, advising independent distributors on strategy, sales, pricing, sourcing, acquisitions, and operations.
Jim’s firsthand experience as an independent operator — from startup through exit — provides Falcon with a uniquely valuable owner and management centric perspective.
In his leisure time, he enjoys golfing, fishing, and cherishing moments with his granddaughter. Jim is also a passionate wine collector and deeply committed to his community, having served on multiple local and community boards.
Protect Your Legacy.
Accelerate Your Growth.
We partner with leading independent distributors to preserve what makes your business exceptional — your people, your customers, your reputation — while fueling expansion, operational excellence, and lasting market leadership.
info@falcongases.com
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