TransTech Energy, 323 Construction form strategic partnership

TransTech Energy, a Bridge Industries portfolio company, entered into a strategic partnership with 323 Construction, a 16-year-old California company that specializes in the design and construction of liquefied petroleum gas and natural gas liquids (NGL) bulk storage plants and terminals.

“We’re excited to welcome 323 Construction to the TransTech family,” says Greg Ezzell, president of TransTech Energy. “323 Construction has forged an impeccable reputation in the western U.S. by delivering exceptional storage and delivery solutions and services to propane terminal operators, wholesalers and distributors across the LPG industry.

“Along with extending our product offerings and field service depth, our partnership with 323 Construction complements our other regions to provide national service coverage, augmenting our flexibility, speed and responsiveness for our combined customer base.”

TransTech delivers natural gas production and processing equipment, and NGL storage and handling solutions, across all stages of oil and gas production, processing and distribution. It has nearly 200,000 sq. ft. of fabrication capacity in McGregor, Texas, and Rocky Mount, North Carolina.

“We are thrilled to join the TransTech Energy team,” says Vic Fink, founder and president of 323 Construction. “We look forward to playing a key role in their growth strategy. Our companies share numerous cultural similarities and family values, as well as a vision for growth that starts with taking care of our customers. Our combined capabilities, geographical coverage and TransTech’s engineering and fabrication expertise will help drive our mutual growth.”

Another ‘stage of growth’

TransTech Energy also made news earlier this year when it acquired Bendel Tank and Heat Exchanger Corp., a 60-year-old designer and fabricator of pressure vessels, reactors, heat exchangers and storage vessels for a variety of end markets.

“Along with extending our product offerings and engineering depth, Bendel’s East Coast location complements our Texas-based assets and will augment our flexibility, speed and responsiveness for our combined customer base,” Ezzell says.

Since investing in TransTech in 2013, Bridge Industries has supported the company’s strategic growth plan, leading to a rapid expansion in custom engineered and fabricated solutions.

“The Bendel acquisition strategically positions TransTech for its next stage of growth, adding increased capacity, experience, depth and market diversification,” says Jeff Berlin, president of Bridge Industries.

Based in Charlotte, North Carolina, Bendel has a 65,000-sq.-ft. fabrication facility on 12 acres where it produces engineered products to nationally recognized standards, the company says.

Featured image: LP Gas staff