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
May 5, 2023
For Immediate Release
Contact: Dean Francis
Vice President, Strategy & Corporate Development
LT Corporation
800-345-2495
Cleveland, MS – LT Corporation (LT Corp.) of Cleveland, Mississippi, the parent company of Quality Steel Corporation, LP Cylinder Service, Inc., Buckeye Manufacturing Company, and Kryton Engineered Metals, Inc. – all industry-leading manufacturers or providers of value-added services to their customers - announced the acquisition of substantially all of the assets of Tate Metalworks, Inc. (Tate).
Tate, founded in 1972 and operating with its manufacturing facility in Spartanburg, South Carolina, is an industry-leading specialty shop fabricator and field erector of welded steel storage tanks and pressure vessels serving a host of heavy industrial clients. Tate has decades of experience with a wide array of construction materials used in the fabrication and assembly of storage tanks, pressure vessels and other industrial structures, and serves a primary footprint in the Southeastern United States with a reach across the U.S.
Sean Wessel, President of LT Corp. stated, “We’re extremely excited to welcome Tate and all its associates to our family of companies and look forward to working with the team there to expand upon the previous success of Tate’s industrial business. Adding Tate to the LT Corp. family helps us to further our overall corporate objectives for growth and diversification. We are especially happy that Brian Tate has agreed to stay on as company President.”
Brian Tate, second-generation owner of Tate, commented, “I am excited for Tate Metalworks Inc. to be joining the LT Corporate family due to the strong cultural fit between the organizations and our similar growth and market-driven goals in our own respective sectors of the metal fabrication industries we each serve. As importantly, the combined core competencies and resources of the LT companies will bring strength and depth to the organizations under the LT Corporate umbrella. And finally, with LT Corporation being an ESOP company, it brings me great satisfaction knowing the men and women who have contributed to Tate Metalworks history and success will now become shareholders into the future.”
About the Companies:
LT Corporation was established in 1982 and is the parent company of operating companies recognized as leaders in high quality manufacturing or service providers in the propane solutions industry, pressure and storage vessel industry, steel fabrication and metal spinning industries. LT Corp.’s portfolio of operating companies includes Quality Steel Corporation (with three manufacturing facilities in Mississippi, Ohio, and Utah), LP Cylinder Service, Inc. (with two service facilities in Pennsylvania), Buckeye Fabricating Company (with one manufacturing facility in Ohio), and Kryton Engineered Metals, Inc. (with one manufacturing facility in Cedar Falls, Iowa). 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, or www.krytonmetals.com).
Tate Metalworks, Inc. was founded in 1972 and operates from a manufacturing facility in Spartanburg, South Carolina. Tate is an industry-leading specialty shop fabricator and field erector of welded steel storage tanks and pressure vessels serving a host of heavy industrial clients. More information on Tate can be found at www.tatemetalworks.com.
January 3, 2023 For Immediate Release
Contact: Dean Francis
Vice President, Strategy & Corporate Development
LT Corporation
800-345-2495
Cleveland, MS – LT Corporation (LT Corp.) of Cleveland, Mississippi, the parent company of Quality Steel Corporation, LP Cylinder Service, Inc., and Buckeye Manufacturing Company – all industry leading manufacturers or providers of value-added services to their customers - announced the stock acquisition of Kryton Engineered Metals, Inc. (Kryton).
Kryton, founded in 1981 (originally founded as Iowa Metal Spinners and changed to Kryton in 2011) and operating with its manufacturing facility in Cedar Falls, Iowa, is an industry leader in the areas of engineered metal services and is focused on Cut it, Form it, and Fab it operations. Kryton serves a variety of end users in multiple industries and has established itself as one of America’s most prominent producers of metal spinning products and providers of fabrication solutions.
Sean Wessel, President of LT Corp. stated, “We’re very excited to welcome Kryton and all its associates to our family of companies and look forward to working with the team there to build upon the previous success of Kryton’s engineered metal services business. The addition of Kryton helps us to further our overall corporate objectives for growth and diversification.”
Kevin Harberts, owner of Kryton for 42 years, commented, “After evaluating multiple potential buyers, I chose LT Corp. primarily because of a good cultural fit, but also because of the possibilities for continued growth for Kryton by adding together each organization’s expertise and core competencies. These combined resources will make for a stronger business with the depth and capacity to be an undisputed leader in the engineered metal services segment. Since LT Corp. is an ESOP company, I am proud that the legacy of Kryton will include our team being able to participate in this growth as shareholders in the future.”
Wessel added, “Effective today we are announcing the promotion of Jason Mathern from Executive Vice President to President of Kryton. We are pleased that Jason and the rest of the management team will continue to lead Kryton with the same core values and customer focus that Kevin instilled over his decades of ownership.”
About the Companies:
LT Corporation was established in 1982 and is the parent company of operating companies recognized as leaders in high quality manufacturing or service providers in the propane solutions industry, pressure and storage vessel industry and steel fabrication. LT Corp.’s portfolio of operating companies includes Quality Steel Corporation (with three manufacturing facilities in Mississippi, Ohio, and Utah), LP Cylinder Service, Inc. (with two service facilities in Pennsylvania), and Buckeye Fabricating Company (with one manufacturing facility in Ohio). More information about LT Corp.’s subsidiaries can be found at www.ltcorp-inc.com (each company separately can be found at www.propanetank.com, www.lpcylinder.com , or www.buckeyefabricating.com ).
Kryton Engineered Metals, Inc. was founded in 1981 and operates from a manufacturing facility in Cedar Falls, Iowa. Kryton is an industry leader in the fabrication of spun metal products and engineered metal working services. More information on Kryton can be found at www.krytonmetals.com .
