HydroChemPSC Announces Acquisition of TriStar Tank Services

Source Company Press Release
Company PSC Industrial Holdings Corp.
Tags Country: United States, M&A: Corporate Deal, Deals, Segment: OFS News
Date January 13, 2020

HydroChemPSC, a portfolio company of Littlejohn & Co., today announced the acquisition of TriStar Tank Services from TriStar Global Energy Solutions. The TriStar Tank Services divisions comprises the PetroServ tank cleaning and Global Vapor Control degassing business units. The acquisition will greatly strengthen HydroChemPSC’s specialty services group in North America.

“The acquisition of TriStar Tank Services, a recognized leader in tank cleaning and degassing services will add critical mass to HydroChemPSC’s complex tank cleaning and vapor control services group – allowing us to provide broader services to both our downstream and midstream customers. TriStar Tank Services is a natural fit with HydroChemPSC’s Four Foundational Elements: Safety, Technology, People and Customers. We look forward to providing our customers the safest and most efficient operational experience across an expanded service offering and are excited to welcome TriStar’s talented employees to the HydroChemPSC family,” said Brad Clark, CEO of HydroChemPSC.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd