Transition Capital Partners has acquired PAT Tank Inc., a leading provider of above-ground liquid storage tank services, from 3 Rivers Capital, facilitating growth in a high-demand infrastructure sector.

Target Company Overview

Based in Port Arthur, Texas, PAT Tank Inc. ("PAT Tank" or "the Company") is a premier turnkey provider specializing in the construction and repair of above-ground liquid storage tanks ("ASTs"). The Company offers a comprehensive suite of services including tank design, fabrication, delivery, installation, and coating, as well as the distribution and installation of ancillary products. Its strategic location in the Gulf Coast region positions PAT Tank advantageously, providing access to a significant concentration of hydrocarbon ASTs across the United States. This accessibility drives sustained demand for the Company’s services, stemming from ongoing operational and regulatory requirements that necessitate regular tank installation, repair, and upgrades.

Upon the acquisition by Transition Capital Partners ("TCP"), PAT Tank is poised to continue its growth trajectory within the industrial sectors it serves. The transaction, which concluded on November 1, 2024, reflects PAT Tank's robust market position and the scalability of its service offerings, making it an attractive investment opportunity.

Industry Overview in the United States

The market for above-ground liquid storage tanks in the United States is influenced by various factors including industrial growth, environmental regulations, and infrastructure needs. The need for high-quality storage solutions is crucial across multipl