ProFlo Industries has acquired Garsite and Progress Tank to enhance its aviation refueling equipment offerings and meet global demand.
Target Company Overview
Global Aviation Services, LLC, operating under the name ProFlo Industries, recently acquired two significant players in the aviation industry: Garsite, an esteemed supplier of aviation refueling equipment, and Progress Tank, known for its portable restroom vacuum systems. This strategic acquisition aims to consolidate the strengths of both companies under the Garsite brand, enhancing their market position within the aviation refueling sector.
Garsite has a long-standing history, having commenced operations in 1952, focusing on manufacturing and assembling aircraft refuelers and hydrant dispensers for various clients, including airlines and oil companies worldwide. Progress Tank, established in 1922, specializes in producing truck-mounted equipment for the refined fuel, heating oil, and liquid waste industries, particularly in vacuum and fuel delivery trucks.
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Industry Overview in the United States
The aviation equipment supply industry plays a critical role in supporting the operational efficiency of airlines and service providers. With a growing demand for innovative aviation fueling solutions, the industry is increasingly focused on enh
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ProFlo Industries
invested in
Garsite and Progress Tank
in 2024
in a Buyout deal