New York – June 2020 – HMT LLC (“HMT”), a portfolio company of Tailwind Capital, announced that it has acquired Dunham Engineering, a structural and corrosion engineering firm specializing in tanks and towers. This transaction represents the first add-on acquisition for HMT under Tailwind’s ownership. The acquisition will expand HMT's capabilities and allow HMT to provide engineering consulting services with the same superior quality that HMT is known for.
John Hazel, Vice President of Inspection Services at HMT, commented, “We are extraordinarily excited to welcome Dunham Engineering to the HMT Team. Travis Tatum and his team have a long history of customer focused success, that fits seamlessly into HMT's core values. This addition will allow HMT to improve upon a legacy of customer centric solutions with new offerings designed to add options and value for our customers.”
Dunham Engineering was founded in 1992 by Jimmy D. Dunham, P.E. as a water tank consulting firm. Today Dunham Engineering provides a wide variety of structural, storage tank, and corrosion engineering services throughout Texas, Oklahoma, and the surrounding states. While currently licensed to provide engineering services in 11 states, with access to HMT's resources, their reach will extend nationwide.
HMT strives to provide customers with a full-service tank solution. The combination of HMT's vast resources, with the expertise in engineering consulting that Dunham Engineering has developed after 28 years in the industry, will enhance HMT's capabilities exponentially. Those enhancements include, but are not limited to: value added engineering; spill prevention, control, and countermeasures; similar service assessments; hydrostatic testing evaluations; finite element analysis; engineering, inspection, and design for new and existing tanks and terminal.
Travis Tatum, President and CEO of Dunham Engineering, commented, “I feel the combination of Dunham Engineering's depth of storage tank engineering knowledge and experience, combined with HMT's considerable resources, reputation, and global network, will make for a powerful combination. Both firms are renowned for their emphasis on quality, customer service, and employee growth, and we are excited for the opportunities this presents to better serve our customers.”
The acquisition of Dunham Engineering further solidifies the HMT objective to provide customers with a full-service tank solution. Through the combined expertise of both companies, HMT will be able to better optimize tank operations and customize solutions to fit every unique customer need.
HMT is a provider of aboveground storage tank services and products. The company provides inspection, construction and repair & maintenance services complemented by a portfolio of highly-engineered products, including seals, domes, and floating roofs. For more information on HMT, please visit: www.hmttank.com
About Tailwind Capital:
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 43 portfolio companies and over 115 add-on acquisitions.