D&H United, a provider of testing and inspection services for fueling stations and electric-vehicle charging stalls, has acquired Austin, Texas-based Tanknology Inc., an environmental compliance and fuel-quality solutions provider, to expand service capabilities and its geographic reach, the company announced Wednesday.
“We could not be more excited about this transformative acquisition that brings together two very successful companies. Our vision is to provide our customers with a turnkey suite of site services with coverage and resources across the country. This powerful combination continues our record of exciting growth and success for all our team members and customers,” said Bo Sasnett, chief executive at Houston-based D&H United.
Tanknology provides environmental compliance testing, inspection services and fuel quality solutions to more than 3,000 customers, including fueling stations, vehicle rental companies, fleets and health-care companies. In April, it acquired Northwest Tank and Environmental Services, a provider of underground storage tank (UST) compliance services and meter calibration.
With the Tanknology acquisition, D&H United will have more than 1,150 team members, including 825 field technicians and 33 offices operating across the United States, the company said. It’s gaining a presence in the Northeast, West Coast and Pacific Northwest markets and a larger service footprint in the Mountain West, Midwest, Southeast and Southwest.
D & H United is a portfolio company of Chicago-based private equity firm Wind Point Partners, which purchased D&H United in September 2022 to achieve more value by expanding the company’s technician base and service areas. Wind Point Partners has about $6 billion in assets and is using capital from its Wind Point Partners X fund, initiated in 2022, for investments, according to a news release. It partners with top management teams to acquire middle-market companies and create value. Wind Point Executive Advisor Steve Hochhauser serves as D&H United’s board chair, according to information on Wind Point’s website.
With about 570 skilled employees, D&H United serves fueling and EV station operators through 16 branch locations, primarily in Southern and Mountain regions. With Wind Point’s support, D&H United is expanding through acquisition. The companies did not disclose the terms of the Tanknology transaction. A Wind Point spokesperson confirmed the acquisition was completed, but did not provide further details. Tanknology didn't respond to CSP's request for comment.
Bo Sasnett, CEO of D&H, initiated a merger of two predecessor companies and formed D&H United in 2015, Wind Point Partners said. Since then, it has expanded through acquisition.
Wind Point also continues to seek mid-market companies interested in being acquired.
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