Design Tanks

Buyout by independent private equity sponsor



Business
Design Tanks is a leading designer and manufacturer of custom storage tanks made from fiberglass-reinforced plastic. The Company’s products are well suited for a variety of applications in the industrial and agricultural markets.

Situation
Aldine’s investment was made in conjunction with a buyout led by an independent private equity sponsor. This investment facilitated Badlands Capital’s purchase of the Company and allowed Design Tanks to expand its engineering and manufacturing capabilities to increase its geographic territory.

Solution
Aldine provided a subordinated note and equity investment.

Design Tanks

“I have known the Partners of Aldine Capital for more than ten years. They are thoughtful, experienced investors and understand key drivers of business success. Aldine Capital invested with Badlands Capital in the acquisition of Design Tanks. Aldine’s experience was especially helpful in the diligence process as they worked with Badlands through several complex diligence items. Their partnership approach led to a better understanding of the company and transaction and we were able to structure a transaction that worked for the Buyers and Sellers. Their participation with the Board of Directors since the acquisition has also helped Design Tanks grow revenue and profitability. I will work with Aldine again on transactions.”

Blaine Crissman
Partner, Badlands Capital