AUSTIN, Texas — Tanknology, which specializes in environmental compliance testing, inspection services and fuel quality, has acquired Compliance Testing and Technology (CT&T), a Cedarburg, Wis.-based provider of aboveground storage tank (AST) and underground storage tank (UST) compliance services.
"The transaction is expected to provide significant benefits to both companies’ customer base by adding employees, expanding geographic capacity and offering additional proprietary testing and inspection services. CT&T shares in our commitment to a customer-centric culture and delivery of a highest quality of service," said Allen Porter, president and CEO of Tanknology.
“Our objective has always been to meet the compliance needs of our customers and international partners," Porter said. "The integration of CT&T’s expertise, services, and processes, further expands this mission and positions Tanknology toward many years of growth and industry leadership.”
"Our customers will benefit from our ability to integrate Tanknology’s industry-leading technologies, systems and processes," said Greg Goeks, president of CT&T. "By joining Tanknology, CT&T will enhance our capacity for delivery of service and be able to offer our customers additional services and resources. As a part of Tanknology our employees will have greater depth and breadth of support and increased opportunities."
Recapitalized by company management and Hamilton Robinson Capital Partners (HRCP) in September 2019, the new investment enables Tanknology to continue to grow, both organically and through strategic acquisitions. HRCP is a middle-market private equity firm that seeks to invest in the business-to-business services, value-added distribution and highly engineered manufacturing sectors.
Austin, Texas-based Tanknology, which specializes in environmental compliance testing, inspection services, corrosion prevention and fuel quality solutions, services more than 85,000 petroleum fueling and storage facilities per year. It offers more than 30 compliance-related service offerings and holds 22 patents for leak detection and tank monitoring technology. Internationally, Tanknology has licensees in more than 20 countries.