M&A Deal Summary

Tanknology Acquires Norton Corrosion

On September 14, 2022, Tanknology acquired manufacturer Norton Corrosion from Heath Consultants

Acquisition Highlights
  • This is Tanknology’s 1st transaction in the Manufacturing sector.
  • This is Tanknology’s 2nd transaction in the United States.
  • This is Tanknology’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-09-14
Target Norton Corrosion
Sector Manufacturing
Buyer(s) Tanknology
Sellers(s) Heath Consultants
Deal Type Divestiture

Target

Norton Corrosion

Woodinville, Washington, United States
Norton Corrosion is a designer, manufacturer, and installs state-of-the-art cathodic protection systems and corrosion control products for nearly any application, including service to the Power Generation, Petrochemical, Marine, Defense, Wastewater, Manufacturing, Municipal, Transportation, Aviation, Structural and Agricultural industries. Norton also designs proprietary, state-of-the-art products for specialty applications. Norton Corrosion was founded in 1959 and is based in Woodinville, Washington.

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Buyer(S) 1

Buyer

Tanknology

Austin, Texas, United States
Category Company
Founded 1988
Sector Test/Measurement Equipment
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-30 Compliance Testing & Technology

Cedarburg, Wisconsin, United States

Compliance Testing & Technology, Inc. is a provider of environmental compliance services including underground storage tank (UST) compliance, aboveground storage tank (AST) services, cathodic protection services, tank cleaning, and leak detection services. Compliance Testing & Technology is based in Cedarburg, Wisconsin.

Buy -

Seller(S) 1

SELLER

Heath Consultants

Houston, Texas, United States
Category Company
Founded 1933
Sector Business Services
Employees1,800
DESCRIPTION

Heath Consultants is a provider of utility protection and damage prevention. Heath partners with well-recognized research and development organizations and industry trade associations to provide state-of-the-art products and services to various utility markets, including products specifically designed to detect natural gas (methane) leaks as a greenhouse gas (GHG) emission and services for environmental and public safety. Heath Consultants was founded in 1933 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Norton Corrosion

Woodinville, Washington, United States

Norton Corrosion is a designer, manufacturer, and installs state-of-the-art cathodic protection systems and corrosion control products for nearly any application, including service to the Power Generation, Petrochemical, Marine, Defense, Wastewater, Manufacturing, Municipal, Transportation, Aviation, Structural and Agricultural industries. Norton also designs proprietary, state-of-the-art products for specialty applications. Norton Corrosion was founded in 1959 and is based in Woodinville, Washington.

Buy -
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