TerraVest Capital acquired MaXfield Group, an Alberta, Canada-based manufacturer of processing, storage and transportation equipment for propane, anhydrous ammonia, and oil and gas markets, for $21 million.
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Fischer Tanks, a privately-owned company, was acquired by TerraVest. The acquisition will help provide services such as manufacturing of domestic propane tanks, among other services, according to the company.
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Propane production is up across the United States, and it’s expected to grow steadily over the next 10 years.
Read More TerraVest Capital Inc. announced that a wholly-owned subsidiary of the company has agreed to acquire the assets of…
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