Chimney Rock Acquires Gas Clip Technologies

Chimney Rock Equity Partners has acquired Gas Clip Technologies, a Dallas-based supplier of portable gas detection devices used in industrial safety applications. Gas Clip develops user-friendly, cost-effective detectors that monitor ambient air and alert workers to dangerous gases or oxygen deficiencies.

The detectors are used across industrial operations, marine environments, utilities, refining, chemical processing, and water and wastewater. Chimney Rock is an Austin-based private equity firm focused on North American lower middle market industrials and often uses buy-and-build to scale platform companies. BlackArch Partners advised Chimney Rock, and Corporate Finance Associates advised Gas Clip.