Badlands Capital, in partnership with Aldine Capital Partners and Nordic Venture Partners, has acquired Design Tanks LLC.
Design Tanks is a designer and manufacturer of custom storage tanks made from fiberglass-reinforced plastic. The company builds tanks with a capacity of up to 50,000 gallons that are sold to the industrial and agricultural end markets. Design Tanks is headquartered in Sioux Falls, SD (www.designtanks.com).
“The management team of Design Tanks has built a business that focuses on providing complex, custom solutions for its customers. Design Tanks’ operational expertise contributes to the high quality tanks it manufactures. I look forward to working with the Design Tanks team,” said Blaine Crissman, Partner of Badlands Capital.
Badlands Capital is looking to acquire other tank manufacturers that have strong engineering and manufacturing capabilities that will expand Design Tanks’ geographic territory.
Badlands Capital makes control investments in middle market companies with revenue up to $40 million that are located in South Dakota, North Dakota, Minnesota, Nebraska, Iowa and Colorado. Sectors of interest include highly-engineered manufacturing and business services. Badlands Capital was founded by Blaine Crissman and is based in Sioux Falls, SD.
Aldine Capital Partners provides from $2 million to $15 million of mezzanine and junior capital financing to lower middle-market companies that operate in a variety of industries. The firm was founded by Michael Revord and Bert Brahm in 2005 and is based in Chicago (www.aldinecapital.com).
Nordic Venture Partners is a private equity firm that invests in entrepreneurs throughout the Midwest. The firm is led by managing partners Chad Hatch and Paul Schock and is based in Sioux Falls, SD (www.nordicventurepartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-2-13