LT Corp. acquires Tanco Engineering

LT Corp., a Cleveland, Mississippi-based parent company of manufacturing and service providers, acquired Tanco Engineering, a builder and servicer of aboveground storage tanks.

Tanco Engineering was founded in 1979 and is headquartered in Loveland, Colorado. The company specializes in storage tank construction, maintenance and repair. Its services span the United States and include in-house fabrication capabilities, patented floating roof seal systems and the design, supply and installation of aluminum geodesic dome roofs.

“We’re extremely excited to welcome Tanco and all its associates to our family of companies,” says Sean Wessel, president of LT Corp. “This acquisition enhances our operating company portfolio and supports LT Corp.’s continued commitment to growth and expansion in the tank and pressure vessel markets. We are confident that with the Tanco team’s leadership, the company will continue to thrive and deliver the operational excellence it is known for.”

LT Corp. was advised by Bradley as legal counsel. Industria Partners served as the strategic adviser, and Holland & Knight provided legal counsel to Tanco.

“Joining the LT Corp. family of companies is a perfect fit and has been well received by the entirety of the Tanco employee team,” says Chad Derringer, president and CEO of Tanco. “Our organizations share similar values, strong cultures and strategic visions for growth within our sectors of the storage tank industry.”

LT Corp.’s subsidiaries include Quality Steel Corp. and LP Cylinder Service.

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