Caxton-Iseman Closes VNG Buyout

Caxton-Iseman Capital has completed its acquisition of Valley National Gases Inc. (AMEX: VLG) for $27 per share. The total deal was valued at approximately $304 million, including around $63 million in assumed debt. Valley National is an independent < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />U.S. distributor of industrial, medical and specialty gases delivered in “packaged” or cylinder form, related welding equipment and supplies and non-pipeline< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />