Hamilton Robinson Capital Partners has recapitalized Austin, Texas-based Tanknology, a provider of underground storage tank testing, inspection and compliance management solutions. No financial terms were disclosed.
Hamilton Robinson Capital Partners (HRCP), together with management, has recapitalized Tanknology, the global leader in underground storage tank testing, inspection and compliance management. Headquartered in Austin, TX, the Company serves the largest fueling station operators in the world through eight regional offices and over 170 technicians in the United States and a network of international licensees.
“We look forward to partnering with Hamilton Robinson to continue our 30-year history of developing best-in-class testing technologies and services to provide our customers with the solutions needed to keep up with the constantly evolving regulatory requirements,” stated Tanknology CEO, Allen Porter.
Brandon Richter, Managing Director at Hamilton Robinson, stated, “Tanknology embodies everything we love about a business – a mission-critical service, opportunity for growth and a management team excited about the next chapter in its history. Over 50,000 locations a year benefit from Tanknology’s services which ultimately protect drinking water and the environment.”
“We are thrilled to partner with Tanknology as it expands the value it provides to customers through the launch of new, innovative services. Tanknology’s success is a function of its high quality team, national scale, proprietary software and leading-edge testing and compliance management solutions,” added Jim Parmelee, Managing Director at Hamilton Robinson.