TerraVest Industries acquires Advance Engineered Products

April 15, 2024 By    

TerraVest Industries Inc. entered into an agreement to acquire Advance Engineered Products.

Headquartered in Regina, Saskatchewan, Canada, Advance is a manufacturer and service provider in the tank trailer industry in Canada. The bulk of its manufacturing takes place in Regina, where it was founded in 1984. Other locations throughout Canada manufacture specific product lines and are also equipped to handle repairs to tank trucks.

“We are extremely excited about joining the TerraVest family as it presents us with unparalleled opportunities for expansion, innovation and reaching new heights in the tanker trailer industry,” says Darrell Zwarych, president and CEO of Advance, in a statement. “Together with TerraVest, I am confident that we will take Advance to the next level while continuing to create industry-leading value for our outstanding employees and customers.”

Dustin Haw, CEO of TerraVest, says he welcomes the employees and management of Advance and looks forward to their continuing commitment to the business and its customers.

“With its diverse product portfolio and extensive service platform, Advance is highly complementary to our existing tank trailer businesses,” Haw says. “We look forward to leveraging our collective product and service offerings to enhance the company’s growth, and we’re delighted to welcome the Advance employees to the TerraVest family.”

TerraVest is a diversified industrial company that sells goods and services to a variety of end markets. The company manufactures home heating products, propane, anhydrous ammonia and natural gas liquid transport vehicles and storage vessels, energy processing equipment and fiberglass storage tanks. Its brands include Fischer Tanks, Maxfield, Mississippi Tank, Pro-Par and Signature Truck Systems.

About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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