Private equity firm Transition Capital Partners (TCP) has acquired PAT Tank Inc. in partnership with Plexus Capital.

This was TCP’s eighth investment with Plexus Capital, which provided debt and an equity co-investment.

Founded in 1945, PAT Tank is a leading, turnkey provider of repair, maintenance and fabrication services for aboveground liquid storage tanks (ASTs) to a variety of industrial end markets across the U.S. The company’s capabilities include design, fabrication, delivery, installation and coating services. Headquartered in Port Arthur, Texas, PAT Tank is ideally positioned in the heart of the Gulf Coast with ready access to the most highly concentrated region for hydrocarbon ASTs in the U.S.

Founded in 1993 and with over 50 platform acquisitions completed, TCP has been investing in middle market companies for three decades.

For more information, visit tcplp.com.