June 20, 2025
For Immediate Release
Cleveland, MS – LT Corporation (LT Corp.), a Cleveland, Mississippi-based parent company of industry-leading manufacturing and service providers, announced today the acquisition of Tanco Engineering Inc. (Tanco), a premier builder and servicer of aboveground storage tanks.
Founded in 1979 and headquartered in Loveland, Colorado, Tanco Engineering has earned a national reputation for excellence in safety, reliability, and customer satisfaction. Over its 46-year history, Tanco has set the standard in storage tank construction, maintenance, and repair. Its services span the United States—including Hawaii and Alaska—and include in-house fabrication capabilities, patented floating roof seal systems, and the design, supply, and installation of aluminum geodesic dome roofs.
"We’re extremely excited to welcome Tanco and all its associates to our family of companies," said Sean Wessel, President of LT Corporation. “This acquisition enhances our operating company portfolio and supports LT Corp.’s continued commitment to growth and expansion in the tank and pressure vessel markets. We are confident that with the Tanco team’s leadership, the company will continue to thrive and deliver the operational excellence it is known for.”
Chad Derringer, President and CEO of Tanco, commented, “Joining the LT Corporation family of companies is a perfect fit and has been well received by the entirety of the Tanco employee team. Our organizations share similar values, strong cultures, and strategic visions for growth within our sectors of the storage tank industry. Importantly, becoming part of an ESOP company like LT Corp. ensures that the men and women who have and continue to contribute to Tanco’s legacy will benefit as shareholders moving forward. We are especially pleased that Craig Greenslit and Tom Robinson will continue their employment with the company during the transition period.”
LT Corp. was advised by Bradley as legal counsel. Industria Partners served as the strategic advisor and Holland & Knight provided legal counsel to Tanco.
About the Companies:
LT Corporation, Inc.
Established in 1982, LT Corporation is the parent company to a group of operating companies recognized for quality manufacturing and services in the propane solutions, pressure vessel, steel fabrication, and metal spinning industries. Its subsidiaries include: Quality Steel Corporation (facilities in MS, OH, and UT); LP Cylinder Service, Inc (PA); Buckeye Fabricating Company (OH); Kryton Engineered Metals, Inc. (IA); and Tate Metalworks, Inc. (SC). More information about LT Corp.’s subsidiaries can be found at www.ltcorp-inc.com (information on each company separately can be found at www.propanetank.com, www.lpcylinder.com, www.buckeyefabricating.com, www.krytonmetals.com, or www.tatemetalworks.com).
Tanco Engineering Inc.
Founded in 1979, Tanco Engineering Inc. is a leading provider of welded steel storage tank construction, repair, and maintenance, serving clients across the oil, energy, municipal water, and agricultural sectors. Learn more at www.tancoeng.com.
Media Contact:
Dean Francis
Vice President, Strategy & Corporate Development – LT Corporation, Inc.
800-345-2495
