By Generational EquityMay 18, 2020, 13:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Compliance Testing & Technology, Inc., to Tanknology, a portfolio company of Hamilton Robinson Capital Partners. The acquisition closed April 30, 2020 and details were not disclosed.
Located in Cedarburg, Wisconsin, Compliance Testing & Technology, Inc. (CT&T) provides environmental compliance services including underground storage tank (UST) compliance, aboveground storage tank (AST) services, cathodic protection services, tank cleaning and leak detection services. The CT&T customer base includes leading truck stop operators, convenience store chains, railroads, freight terminals and equipment companies located throughout the United States. CT&T’s growth and success is driven by its outstanding reputation for providing high-quality, comprehensive services, and its strong commitment to customer support.
Tanknology is the global leader in underground storage tank testing, inspection and compliance management. Headquartered in Austin, Texas, Tanknology serves the largest fueling station operators in the world through eight regional offices and over 170 technicians in the United States and a network of international licensees. Tanknology was recapitalized by management and Hamilton Robinson Capital Partners (HRCP) in September 2019. HRCP is a lower middle-market private equity firm that seeks to invest in the B2B services, value-added distribution, and highly engineered manufacturing sectors.
Generational Equity’s Sr. Managing Director Mergers & Acquisitions Fred Zweifel, who heads up the firms testing group, and Executive Managing Director of M&A – Western Region Stephen Crisham, with support from Managing Director-Western Region Lori Galloway, closed the transaction. Senior Managing Director David Robinson established the initial relationship with CT&T.
“Following Hamilton Robinson’s recent recapitalization of Tanknology, CT&T was a natural and complementary opportunity for Tanknology to expand its customer base, incorporate additional services and drive growth within its business,” said Zweifel.
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Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the Generational Group helps business owners unlock the value of their businesses by providing merger, acquisition, and wealth management services. Its five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.Robert Evans, President and CEO of Mealtracker Dietary Software
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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