AUSTIN, Texas -- Tanknology Inc. of Austin, Texas, the largest underground storage tank (UST) testing company in the United States, and Consolidated Buying Company, LLC (CBC) of Westmont, Ill., North America's largest buying-services company for petroleum operators, have reached an agreement to offer Tanknology's services to members of CBC's buying groups.
Under the terms of the new agreement, members can purchase Tanknology UST-compliance services at pre-negotiated volume-discounted rates.
This agreement will provide [image-nocss] CBC's network of more than 10,000 independent petroleum operator locations access to Tanknology's nationwide testing and UST services capabilities. Tanknology provides compliance-related services at nearly 40,000 locations each year. Through this agreement, CBC's member operators will have access to Tanknology's turn-key UST site-compliance services.
Through this program with CBC, we bring to the independent operator a total solution for compliance management of their UST systems, said Allen Porter, president and CEO of Tanknology. While we are national in scope, the unique value Tanknology brings to the independent operators is our ability to provide a full range of proven, industry-leading compliance solutions that are highly customized to the individual location. We are excited about the opportunity to bring these capabilities to the members of CBC's buying groups and see this new relationship between Tanknology and CBC as a strategically significant opportunity for both companies.
Jonathon Lanphier, president and CEO of CBC stated, "CBC takes great pride to ensure that the companies we represent are of the highest quality. Our member feedback regarding Tanknology's products and services was extremely positive. We look forward to a successful and long-term relationship with the Tanknology team."
Tanknology provides a full array of environmental compliance, information services and construction management services to UST facility owners and operators. The company designs and manufactures its proprietary testing equipment, holding 22 patents on leak-detection and tank-monitoring technology. Tanknology operates the only nationwide fleet of UST service vehicles and deploys integrated information systems to facilitate customer compliance with federal, state and local UST regulations.
CBC administers customized programs for BP/Amoco, ConocoPhillips, CITGO, Marathon, FINA, Cenex and Gulf Oil and is the largest buying-services company for petroleum operators in North America, providing services and benefits to over 10,000 member locations. CBC provides national and regional supply agreements for convenience stores, auto repair locations, OE automotive dealer service locations, car-wash facilities, and fuel-hauling operations.
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