Badlands Capital leads acquisition of Design Tanks
For Immediate Release
Badlands Capital (“Badlands”) announced the acquisition of Design Tanks LLC (“Design Tanks”). Badlands partnered with Aldine Capital Partners and Nordic Venture Partners in this transaction.
Based in Sioux Falls, SD, Design Tanks is a leading designer and manufacturer of custom storage tanks made from fiberglass-reinforced plastic. Design Tanks builds tanks with a capacity of up to 50,000 gallons that are sold to industrial and agricultural end markets, primarily.
Blaine Crissman, Partner of Badlands Capital and Board Member of Design Tanks, said, “The management team of Design Tanks has built a business that focuses on providing complex, custom solutions to its customers. Design Tanks’ operational expertise contributes to the high quality tanks it manufactures. I look forward to working with the Design Tanks team.”
Paul Schock, Managing Partner of Nordic Venture Partners said “The team at Nordic is thrilled to be a part of this investment. With a proven management team, dedicated employees, and attractive growth prospects, Design Tanks is exactly the kind of investment we look for. We are especially pleased that they are located in our home town and believe this has the markings of a sustained partnership.”
This investment will allow Design Tanks to expand its manufacturing capacity and add to its capabilities. There is increasing demand for quality custom tanks and Design Tanks is uniquely positioned to grow with its customers. Design Tanks will also look to acquire other tank manufacturers that have strong engineering and manufacturing capabilities that will expand Design Tanks’ geographic territory.
About Badlands Capital
Badlands Capital is a private equity firm headquartered in Sioux Falls, SD. Mr. Crissman founded Badlands to make control equity investments in businesses specializing in highly-engineered manufacturing and business services that are located in the Great Plains states. For more information, call 605.553.6032.
About Nordic Venture Partners
Based in Sioux Falls, S.D., Nordic Venture Partners is a private equity firm that invests in entrepreneurs throughout the Midwest. They look for companies with a strong cash flow, experienced management and an eye for growth. For more information, go to http://nordicventurepartners.com/
About Aldine Capital Partners
Aldine Capital Partners is a Chicago based private equity fund which provides mezzanine and junior capital financing to lower middle-market companies. Aldine typically invests $2-$15 million per transaction in a combination of subordinated debt and minority equity and works with traditional and independent sponsors as well as talented management teams in deploying capital used to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity.