X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-What has been ranked as the city’s second fastest-growing business is being sold to a Dallas-based company specializing in air purification systems for corporate clients, ranging from companies to restaurants. The Airtech International Group Inc. acquisition of Southern Therapy Inc. opens the door to introduce a portable air sterilizer to its customer base, which primarily services the home medial equipment market.

Under the agreement, Southern Therapy will hold exclusive distributor rights for the Airsopure Model S-950 to the medical sector. A letter of intent was signed yesterday for the buyout.

Six-year-old Southern Therapy had recorded sales in excess of $14 billion two years ago. Its clients include AARP, Aetna, American Republic Insurance, Blue Cross Blue Shield, Hartford, Humana, Pacific Life and Annuity, Prudential Healthcare, United Healthcare, USAA, Wausau, along with Medicare Region B, Region C, Region D and Medicaid of Texas.

Airtech is the developer of an air-purification technology that enables smokers and non-smokers to coexist in restaurants and bars. Its corporate clients include Host Marriott, Alphagraphics, Bennigan’s, TGI Friday’s, El Chico’s, Del Frisco’s Double Eagle Steakhouses and Sullivan’s. Airtech primarily focuses on hospitality, prints shops, schools, hotels, office buildings, casinos, medical facilities and residential sectors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.