M&A Deal Summary

Hamilton Robinson Capital Partners Acquires Tanknology

On October 3, 2019, private equity firm Hamilton Robinson Capital Partners acquired test/measurement equipment company Tanknology

Acquisition Highlights
  • This is Hamilton Robinson Capital Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Hamilton Robinson Capital Partners’ 24th transaction in the United States.
  • This is Hamilton Robinson Capital Partners’ 4th transaction in Texas.
Investment Fate
  • Tanknology was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 2019-10-03
Target Tanknology
Sector Test/Measurement Equipment
Buyer(s) Hamilton Robinson Capital Partners
Deal Type Recapitalization

Target

Tanknology

Austin, Texas, United States
Tanknology is a provider of tank testing and environmental compliance, testing and inspection services for petroleum fueling systems. The Company serves 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 formed in 1988 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Hamilton Robinson Capital Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hamilton Robinson (HR) is a private equity firm that targets investments in small to mid-sized companies with revenues between $15 and $200 million headquartered in the US or Canada. Preferred industries include industrial processes and engineered products, energy and utility equipment and services, business and commercial services, and specialty publishing. HR looks for companies needing equity capital for management buyouts, corporate growth, and recapitalizations. HR will not invest in commodity businesses, companies with high customer concentration, real estate, natural resources, or early stage opportunities. HR prefers to lead investments and will consider both majority or minority positions. Hamilton Robinson was formed in 1984 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 26 of 30
Sector (Test/Measurement Equipment) 1 of 1
Type (Recapitalization) 6 of 9
State (Texas) 4 of 4
Country (United States) 24 of 28
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Sound Seal

Agawam, Massachusetts, United States

Sound Seal is a manufacturer of commercial and architectural acoustic noise control products and offers a wide product selection to the soundproofing industry. Sound Seal consists of three product divisions: the Industrial Division that addresses in-plant and environmental noise control; the Architectural Division that handles interiors and finishes, including an award-winning line of WoodTrends products; and the Impacta Flooring Division that offers floor underlayments. Sound Seal was founded in 1978 and is based in Agawam, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Zone 4

Orange, California, United States

Zone 4 engages in the installation of automated storage and retrieval systems, advanced material handling, and rack storage systems servicing the retail, e-commerce, logistics, and grocery sectors nationwide. Delivering unparalleled expertise implementing automated storage/retrieval systems (AS/RS), multi-shuttle, and mini-load systems in the rapidly expanding e-commerce and food delivery markets. Zone 4 is based in Orange, California.

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