M&A Deal Summary

Alliance Tank Service Acquires Willbros Tank Services

On January 1, 2018, Alliance Tank Service acquired real estate company Willbros Tank Services from Willbros Group

Acquisition Highlights
  • This is Alliance Tank Service’s 1st transaction in the Real Estate sector.
  • This is Alliance Tank Service’s 1st transaction in the United States.
  • This is Alliance Tank Service’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-01-01
Target Willbros Tank Services
Sector Real Estate
Buyer(s) Alliance Tank Service
Sellers(s) Willbros Group
Deal Type Divestiture

Target

Willbros Tank Services

Houston, Texas, United States
Willbros Tank Services is a tank service provider that offers premium tank-storage applications.

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Buyer(S) 1

Buyer

Alliance Tank Service

Cushing, Oklahoma, United States

Category Company
Founded 2008
Sector Manufacturing
DESCRIPTION

Alliance Tank Service manufacturers, fabricates, installs, repairs and services a wide range of shop manufactured and field-erected Above Ground Storage Tanks ranging in size from 1,000 to 500,000 barrels. The company serves a nationwide customer base across the Agriculture, Asphalt, Industrial and Petroleum industries. Alliance Tank Service was founded in 2008 and is based in Cushing, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Willbros Group

Houston, Texas, United States

Category Company
Founded 1908
Sector Construction
Employees7,959
Revenue 732M USD (2016)
DESCRIPTION

Willbros Group, Inc. is a provider of energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. Its offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), maintenance, facilities development and operations services.


DEAL STATS #
Overall 5 of 5
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
State: Texas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Bemis

Jacksonville, Vermont, United States

Bemis LLC is a provider of construction services.

Sell $19M