Buyout by independent private equity sponsor
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.
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.
Aldine provided a subordinated note and equity investment.