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Announced

TransTech Energy to acquire Bendel Tank and Heat Exchanger.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fabrication facility

United States

Majority

Friendly

Pending

Oil Equipment and Services

Acquisition

Single Bidder

Private

storage tanks

Synopsis

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TransTech Energy, a provider of natural gas production and processing equipment, agreed to acquire Bendel Tank and Heat Exchanger, a custom fabricator of shop-built storage tanks, shell and tube heat exchangers and ASME coded pressure vessels. Financial terms were not disclosed. "We're excited to welcome Bendel to the TransTech family. Along with extending our product offerings and engineering depth, Bendel's East Coast location complements our Texas-based assets and will augment our flexibility, speed and responsiveness for our combined customer base," Greg Ezzell, TransTech Energy President.

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