M&A Deal Summary

TerraVest Acquires LBT

On April 4, 2025, TerraVest acquired automotive company LBT for 16M USD

Acquisition Highlights
  • This is TerraVest’s 2nd transaction in the Automotive sector.
  • This is TerraVest’s largest (disclosed) transaction.
  • This is TerraVest’s 1st transaction in the United States.
  • This is TerraVest’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2025-04-04
Target LBT
Sector Automotive
Buyer(s) TerraVest
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

LBT

Omaha, Nebraska, United States
LBT is a manufacturer of liquid and dry bulk tank trailers, including aluminum bulk tank trailers, serving the transportation industry. LBT was founded in 1994 and is based in Omaha, Nebraska.

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Buyer(S) 1

Buyer

TerraVest

Vegreville, Alberta, Canada

Category Company
Founded 2004
Sector Diversified
Employees1,939
Revenue 912M USD (2024)
DESCRIPTION

TerraVest is a diversified industrial company that sells goods and services to a variety of end markets. The company is a manufacturer of home heating products, propane, anhydrous ammonia (“NH3”), and natural gas liquids (“NGL”) transport vehicles and storage vessels, energy processing equipment, and fiberglass storage tanks. TerraVest is based in Vegreville, Alberta.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Advance Engineered Products

Regina, Saskatchewan, Canada

Advance Engineered Products is a tank trailer and vacuum truck manufacturer and service center operator. It currently operates three distinct businesses: (i) designing and manufacturing aluminum and stainless steel truck tanks and trailers under the Advance and Lazer Inox brands; (ii) operating service centers for the repair, maintenance, inspection and certification of truck tanks and trailers; and (iii) manufacturing and servicing vacuum trucks under the Westech brand. Advance Engineered Products was founded in 19845 and is based in Regina, Saskatchewan.

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