M&A Deal Summary

TransTech Energy Acquires Bendel Tank and Heat Exchanger

On March 4, 2020, TransTech Energy acquired energy services and equipment company Bendel Tank and Heat Exchanger

Acquisition Highlights

This is TransTech Energy’s 1st transaction in the Energy Services and Equipment sector.
This is TransTech Energy’s 1st transaction in the United States.
This is TransTech Energy’s 1st transaction in North Carolina.

M&A Deal Summary
Date	2020-03-04
Target	Bendel Tank and Heat Exchanger
Sector	Energy Services and Equipment
Buyer(s)	TransTech Energy
Deal Type	Add-on Acquisition

Target

Bendel Tank and Heat Exchanger

Charlotte, North Carolina, United States

Bendel Tank and Heat Exchanger Corp. is a designer and fabricator of pressure vessels, reactors, heat exchangers and storage vessels for a variety of end markets. The company has a 65,000 square foot fabrication facility on 12 acres where it produces engineered products to nationally recognized standards including ASME, API, TEMA, and UL. Bendel has built an enduring reputation for quality, engineering, and customer service, serving customers across the chemical, pharmaceutical, food, textile, water/wastewater, energy markets and more. Bendel Tank and Heat Exchanger was formed in 1962 and is based in Charlotte, North Carolina.

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