Tanknology Has Been Recapitalized by Hamilton Robinson Capital Partners
HOUSTON, September 25, 2019 -- GulfStar Group ("GulfStar") is pleased to announce that Tanknology Inc. ("Tanknology" or the "Company") has been recapitalized by Hamilton Robinson Capital Partners ("Hamilton Robinson") together with Management. GulfStar served as the exclusive financial advisor to Tanknology throughout the transaction, which closed on September 13, 2019.
Tanknology is the largest provider of environmental compliance testing and inspection services for retail fuel providers in the United States. Headquartered in Austin, Texas, the Company services more than 50,000 petroleum fueling and storage facilities per year, offers more than 30 compliance-related service offerings and holds 22 patents for leak detection and tank monitoring technology. Internationally, Tanknology licensees span more than 30 countries, providing services to the largest petroleum operators in the world.
"We look forward to partnering with Hamilton Robinson to continue our 30-year history of developing best-in-class testing technologies and services to provide our customers with the solutions needed to keep up with the constantly evolving regulatory requirements," said Allen Porter, CEO of Tanknology. "Our successful outcome was the result of GulfStar's experienced team that skillfully positioned our Company to the market and provided value added guidance from start to finish."
Hamilton Robinson Capital Partners was founded in 1984 to invest directly in privately held commercial and industrial services, niche manufacturing and industrial technology businesses. The Stamford, Connecticut firm has completed over $1.6 billion in transactions supporting 59 family businesses and corporate divestitures. Investors include leading financial institutions, funds, family offices and individuals in the U.S. and Europe.
"Tanknology was extremely well-received by the buyer universe due to the strategic position of the Company in its niche market," said Kent Kahle, Managing Director and Co-Founder of GulfStar. "Hamilton Robinson checked all the boxes for our client. We especially enjoyed working with the passive owners, executive management and Hamilton Robinson in a very successful transaction for all stakeholders."
The GulfStar team was led by Managing Director Kent Kahle along with Senior Vice President Rupert Gerard, Associate Jon Sanfelippo and Analyst Jay Lee.
For more information, please contact kkahle@gulfstargroup.com or call 713-300-2025.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 680 transactions in 35 states and 16 foreign countries across a variety of industries.
