D&H United Fueling, a portfolio company of KLH Capital, has acquired Valley Tank Testing.
Houston-headquartered Valley Tank provides underground and aboveground tank testing, compliance, and inspection services to customers in more than 30 states from Florida to Arizona. Valley Tank was founded in January 2004 by PJ Kane and Brian Berkle.
D&H is a supplier of fuel system equipment, installation, and maintenance services to the retail, commercial, government and municipal vehicle fueling markets. KLH acquired D&H from Third Century, an Atlanta-based independent sponsor, in February 2020. The buy of Valley Tank follows D&H United’s buy of Petroleum Marketers Equipment Company, a Tulsa-based supplier and servicer of fuel system equipment, in August 2021.
D&H’s equipment includes point-of-sale systems, dispensers, tanks, piping, fuel gauging and monitoring, spill containment and overfill prevention devices, and card readers and payment systems. According to the company, it has the largest geographic reach of any fuel system service company in the southwest United States with multiple branches across Texas and New Mexico, and service technicians operating in Arizona, Colorado, Louisiana, Oklahoma and Arkansas.
San Antonio-headquartered D&H, led by CEO Bo Sasnett, now has more than 400 employees and can trace its beginnings back to 1936 when it was founded in Dallas as United Pump Supply.
The buy of Valley Tank expands D&H’s compliance services and provides Valley Tank with additional repair and project services capabilities. “Valley Tank’s knowledge base and expertise in underground infrastructure compliance and testing are key value-added services for our customers,” said James Darnell, a partner at KLH. “The acquisition of Valley Tank broadens the company’s compliance services business and delivers on the company’s vision of providing turnkey services for its customers.”
KLH makes majority and minority investments in family- and founder-owned distribution, specialty services, and niche manufacturing companies that and have EBITDA from $4 million to $20 million. KLH was founded in 2005 and is headquartered in Tampa, Florida.
© 2021 Private Equity Professional | November 30, 2021
