Solace Capital Partners has acquired CST Industries Inc., one of the world’s largest leading tank and dome manufacturers.
Solace Managing Partner Christopher Brothers said, “As global demand for storage tanks and covers increases, we believe CST is well positioned to leverage its scale, unique engineering and manufacturing expertise, strong and growing order backlog, and significantly strengthened balance sheet to meet the needs of its customers worldwide.”
Headquartered in Kansas City with a 125-year heritage, CST Industries has an installed base of more than 350,000 storage tanks and 18,000 covers across 125 countries. CST has nine sales offices across the U.S., Mexico, Brazil, Spain, Argentina, United Arab Emirates, Vietnam and Australia, and operates five manufacturing facilities located in North America and Europe.
For more information, visit www.Solacecap.com or www.cstindust ries.com.