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Announced

TerraVest to acquire Advance Engineered Products.

Synopsis

TerraVest, a diversified company energy storage company, agreed to acquire Advance Engineered Products, a tank truck and trailer equipment designer and manufacturer. Financial terms were not disclosed. “We are extremely excited about joining the Terravest family as it presents us with unparalleled opportunities for expansion, innovation, and reaching new heights in the tanker trailer industry. Together with Terravest, I am confident that we will take Advance to the next level while continuing to create industry leading value for our outstanding employees and customers,” Darrell Zwarych, Advance Engineered Products President and CEO.

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