Lightyear Capital LLC has acquired Baker Tanks Inc, a liquid and solid containment equipment rental and leasing services company.
"We think Baker is uniquely poised to take advantage of the highly-fragmented and fast-growing liquid and solid containment equipment rental and leasing industry," said Donald B Marron, chairman and chief executive officer of Lightyear. "The Company's growing product suite and close relationships with major corporations eager to consolidate their purchasing using fewer vendors provide Baker, in our opinion, with a distinct edge over the competition."