EA Tanks, Inc., formerly known as Engineering America, Inc., (or the “Company”) has retained Equity Partners HG to seek an investor, partner or buyer for the nationwide distributor of steel bolted tanks. The Company primarily offers glass-fused-to-steel tanks for municipal and industrial projects in a number of sectors. Since 1980, EA Tanks has designed and installed over 1,600 liquid storage tanks around the country for clients such as Cargill, Intel, Pfizer, Kraft and Waste Management.
EA Tanks offers customers a turnkey process that includes professional consultation, quality materials, experienced installation crews, technical equipment and all of the services needed to take a project from initial design to reality. With construction and sales hubs in Oregon, Ohio, and Minnesota, the Company uses its own crews and specialized jacking equipment to carry out its tank installations and service across the U.S. In addition to those locations, the Company also has sales offices in Kansas and Arizona.
Tony Belden, President of EA Tanks, Inc. commented “This new expansion has created a huge backlog of projects and is spiking projected revenue for 2018 to record levels. We have retained Equity Partners to help us realize these growth objectives and are excited to see what options are available to us as we take the next steps for our employees and customers.”
To assist with the nationwide expansion, EA entered into a strategic partnership in 2016 with Permastore, the world’s leading bolted glass-fused-to-steel tank and silo manufacturer. This partnership will ensure long-term commitment to new product and operational processes for EA’s current and prospective customers across the United States.
Matt LoCascio, a managing director at Equity Partners HG, says that “This is an excellent opportunity to invest in or purchase an established and respected company with the unique ability to distribute product from multiple suppliers nationwide, and a dedicated and experienced workforce in place.”
Equity Partners HG, formerly “Heritage Equity Partners”, based in Easton, MD, provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.
