ProFlo Industries has acquired Garsite and Progress Tank, strengthening its position in the aviation refueling equipment market.

Information on the Target

Global Aviation Services, LLC, operating as ProFlo Industries, has successfully acquired Garsite, a leading provider of aviation refueling equipment, and Progress Tank, a supplier of portable restroom vacuum equipment. This equity transaction aligns with ProFlo's goal to enhance its offerings under the well-established Garsite brand, further solidifying its position in the aviation refueling sector.

Since its establishment in 1922, Progress Tank has specialized in manufacturing truck-mounted equipment tailored for the refined fuel, heating oil, and liquid waste industries. Garsite, founded in 1952, has a long-standing history of producing aircraft refuelers and hydrant dispensers, serving a diverse range of customers including oil companies, airlines, and freight distribution services globally. Together, these acquisitions will broaden ProFlo's product lineup and market reach.

Industry Overview in the Target’s Specific Country

The aviation refueling equipment industry is integral to the broader aerospace sector, which continues to experience robust growth worldwide. As global air travel rises, there is an increasing demand for advanced refuel