New York – December 2017 – Tailwind Capital, a leading middle market private equity firm investing in growth-oriented companies in targeted sectors within industrial services, healthcare and business services announced its acquisition of HMT. HMT is a provider of aboveground storage tank services and products.
Based in The Woodlands, Texas, HMT provides inspection, construction and repair and maintenance services. The company also offers a portfolio of highly-engineered products, including seals, domes, and floating roofs. HMT offers these solutions through a domestic footprint of strategically located offices, manufacturing facilities, and distribution centers, which is supported by an extensive international network of agents and distributors.
Following Tailwind’s acquisition, Tailwind Operating Executive Joe Burgess joined the company as CEO. Mr. Burgess has over 30 years of experience managing large scale infrastructure and environmental businesses and most recently served as CEO and President at Aegion Corporation (NASDAQ: AEGN), a global leader in infrastructure protection and maintenance. Mr. Burgess commented, “I am thrilled to be joining HMT. The team has done an outstanding job providing best-in-class solutions to the aboveground storage tank market. We believe the company is well positioned to capitalize on significant growth opportunities and are looking forward to supporting HMT in its next phase of growth.”
Jeff Calhoun, Partner at Tailwind, added, “HMT represents an exciting opportunity to invest in a leader within the aboveground storage tank market, and we look forward to supporting the organization and its employees to build on HMT’s superior reputation for quality products and services.”
About Tailwind Capital:
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within industrial services, healthcare and business services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Tailwind manages over $3 billion of committed equity capital, and has invested in 35 portfolio companies and over 55 add-on acquisitions.