Investment Capital for Industrial Businesses
September 6th, 2016 / Dallas, Texas – Clavis Capital Partners, announced today the completion of the recapitalization of Alliance Tank Service (“ATS”), the leading provider of Above Ground Storage Tank products and services to the Agriculture, Asphalt, Industrial and Petroleum industries. Terms of the transaction were not announced.
Founded in 2008, ATS has grown into a leading firm providing a broad range of storage tank products and services to a diverse set of customers across multiple industries. The Company has developed an excellent reputation for quality and services in the industry and has experienced substantial growth in revenue and profitability every year since its founding.
Clavis identified Alliance Tank Service as a leading niche manufacturer in a highly attractive segment and worked with management to structure a transaction to enhance the Company’s overall growth prospects. Founder and owner Sammy Reece will continue in a leadership role at ATS, assuming the position of Chief Operating Officer. Todd Dauphinais, Managing Partner at Clavis Capital Partners will join the management team of ATS as Chief Executive Officer and will lead a newly formed Board of Directors.
“We are thrilled to partner with Clavis on this deal. As opposed to just providing capital, the Clavis team brings real operational experience and insight that is specific to our needs and will help us further accelerate our growth plan” stated Reece. “We are pleased to have partnered with investors who share our vision and passion for excellence”.
“ATS fits our exact investment profile – high growth, excellent operating team, strong family-oriented culture, world-class customer base and multiple near and long term growth opportunities. We are extremely excited to work with the ATS team to help them continue their success” commented Dauphinais.
“This investment represents only the first stage of our growth plan. We will immediately begin construction on an expansion to our Cushing, OK manufacturing facility and will be adding additional team members, opening new offices, expanding our service business and looking at future acquisitions. This is an exciting time for ATS” furthered Dauphinais.
About Alliance Tank Service
Founded in 2008, Alliance Tank Service manufacturers, fabricates, installs, repairs and services a wide range of shop manufactured and field erected Above Ground Storage Tanks ranging in size from 1,000 to 500,000 barrels. The company serves a nationwide customer base across the Agriculture, Asphalt, Industrial and Petroleum industries. Since its founding, ATS has constructed over 200 large scale projects across 20 states. With an unmatched reputation for integrity, quality products, and superior customer service, ATS is the leading supplier of storage solutions in the United States. http://alliancetankservice.com/
October 9, 2015 / Dallas, TX – Clavis Capital Partners today announced the completion of a significant investment in Solair Group, LLC, the leading global provider of maintenance tooling and Ground Support Equipment (GSE) products, services and solutions to the aircraft and aerospace industry.
Founded in 2004 and based in Miami, Florida, Solair Group is known throughout the aircraft maintenance industry for its large catalogue of manufactured products, comprehensive product repair and re-calibration service offerings and customer service excellence. The company is the leading global supplier of after-market and 3rd party maintenance tooling products and services to major airlines, military and Maintenance, Repair & Overhaul (MRO) companies around the world.
Clavis identified Solair Group as a leading niche manufacturer in a highly attractive segment and worked with management to structure a transaction to enhance the Company’s overall growth prospects. Clavis partnered with Greyrock Capital Group to complete the financing for this transaction.
“We are thrilled to partner with Clavis on this deal. As opposed to just providing capital, the Clavis-led team brought real operational experience and insight that was specific to our needs and will help us further accelerate our growth plan” stated Wes Yale, President of Solair. “We are pleased to have partnered with investors who share our vision and passion for excellence.” Mr. Yale will continue in his role and retain a significant ownership stake in the business.
“Solair fits our exact investment profile – excellent team, strong positive culture, world-class customer base and multiple near and long term growth opportunities. We are extremely excited to work with the Solair team to help them continue their success” commented Todd Dauphinais, Managing Partner of Clavis Capital.
Clavis Capital Partners is an operationally focused Private Equity firm that invests in growing industrial companies striving to reach their full potential. Clavis professionals and advisors are experienced operators - not financial engineers - who are passionate about building sustainable, competitive and successful businesses. Clavis focuses on investments in under-resourced, lower middle-market businesses with enterprise values ranging from $10 million to $200 million. Each of our principals and advisors have significant, direct experience in successfully running and managing businesses across a range of industrial and service sectors. Since 1994, our principals have completed over 20 transactions representing over $1 billion of equity deployed.
About Solair Group
Based in Miami, Solair Group is a full service supplier of low cost tooling and Ground Support Equipment (GSE) for all types of aircraft. We offer a broad range of manufactured and sourced maintenance tooling products along with full service technical support, repairs, recertification and calibration to all of our Airline, MRO and military customers across the globe. We also offer custom workmanship on all of our equipment with in house machine shop, welding, painting, sheet metal, coating and wood work capabilities to meet any customer need.