M&A Deal Summary

D&H United Fueling Solutions Acquires Tanknology

On July 25, 2023, D&H United Fueling Solutions acquired test/measurement equipment company Tanknology from Hamilton Robinson Capital Partners

Acquisition Highlights
  • This is D&H United Fueling Solutions’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is D&H United Fueling Solutions’ 5th transaction in the United States.
  • This is D&H United Fueling Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2023-07-25
Target Tanknology
Sector Test/Measurement Equipment
Buyer(s) D&H United Fueling Solutions
Sellers(s) Hamilton Robinson Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Crowe LLP (Financial)
Finn Dixon & Herling (Legal)

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

D&H United Fueling Solutions

Humble, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

D&H United Fueling Solutions is a provider of retail and commercial vehicle fueling facilities. D&H United Fueling Solutions provides service, equipment, installation, and environmental services. D&H United Fueling Solutions was founded in 2015 and is based in Humble, Texas.


DEAL STATS #
Overall 5 of 6
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Texas) 1 of 1
Country (United States) 5 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Cochise

Phoenix, Arizona, United States

Cochise is a provider of service, equipment, and installation of retail and commercial fueling systems and also provides contracting, electrical, and emergency backup generator services to a diversified customer base, with an emphasis on complete life cycle support. Cochise was founded in 1986 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 HCN Petroleum Equipment

Newland, North Carolina, United States

HCN Petroleum Equipment specializes in providing a wide range of products and services related to the petroleum industry, specifically in the areas of fuel dispensing and storage equipment. HCN Petroleum Equipment was founded in 1990 and is based in Newland, North Carolina.

Buy -

Seller(S) 1

SELLER

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 18 of 20
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Texas) 4 of 4
Country (United States) 16 of 18
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Sani-Matic

Sun Prairie, Wisconsin, United States

Sani-Matic is a provider of hygienic automated cleaning solutions to customers in the food, beverage, pharmaceutical and personal care markets. The company designs and manufactures the broadest range of automated cleaning and sanitizing systems, components and services in the industry. Sani-Matic was founded in 1943 and is based in Sun Prairie, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 PNE

Longview, Washington, United States

PNE is a provider of industrial services including cleaning, electrical maintenance, environmental remediation and emergency response, process automation/control solutions and specialty construction services. PNE was founded in 1989 and is based in Longview, Washington.

Sell -