Island Pump and Tank Acquires Petroleum Equipment Construction, Inc.
October 10, 2023
Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired Petroleum Equipment Construction, Inc. (PEC), a Lockhart, Florida–based provider of maintenance, testing, repair and installation services for petroleum storage, fueling systems and point-of-sale equipment. The add-on expands Island Pump’s geographic footprint into Florida and enhances service coverage for its existing customers; Capital Southwest Corporation provided financing for the transaction.
- Buyers
- Island Pump and Tank, Hidden Harbor Capital Partners, Capital Southwest Corporation
- Targets
- Petroleum Equipment Construction, Inc.
- Sellers
- Benjamin Bathke, Jeffrey Caldwell
- Platforms
- Island Pump and Tank
- Industry
- Industrial Services
- Location
- Florida, United States
- Transaction Type
- Addon
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