TerraVest expands tanker footprint with SPV acquisition

The Canadian firm—which last year bought Heil, Polar, LBT, and Tankcon—continues its aggressive growth strategy by absorbing a Calgary-based leader in pressurized transport equipment.

Key Highlights

  • SPV is a well-established Canadian manufacturer specializing in pressurized transport tanks and trailers with a loyal customer base.
  • The acquisition aligns with TerraVest's strategy to expand its manufacturing footprint and diversify its product portfolio.
  • TerraVest has previously acquired multiple tank trailer brands, including Heil Trailer and Polar Tank, for a total of $582 million.

TerraVest Industries recently acquired Superior Pressure Vessels (SPV), a Canadian manufacturer of pressurized transport tanks and trailers.

Headquartered in Calgary, Alberta, SPV is a well-known manufacturer of pressurized tank trailers serving the Canadian market. The company, which also services tankers, has a loyal brand following, a reputation for quality, and has been in business for over 45 years, TerraVest reported.

“SPV further enhances our manufacturing capabilities and competitiveness in our Compressed Gas Equipment division,” TerraVest CEO Dustin Haw said in a news release. “I would like to welcome the owner of SPV, Byron Dyck, and all the employees of SPV to TerraVest.”

TerraVest, a publicly traded manufacturer of transportation equipment also headquartered in Canada, last year acquired EnTrans International and its tank trailer brands, including Heil Trailer and Polar Tank, along with LBT and Tankcon in separate deals for a combined $582 million.

Additionally, EnTrans acquired B&R Repair earlier this summer in an expansion of its tank trailer service capabilities.

Jason McDaniel | Bulk Transporter
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About the Author

Jason McDaniel

Jason McDaniel, based in the Houston TX area, has more than 20 years of experience as an award-winning journalist. He spent 15 writing and editing for daily newspapers, including the Houston Chronicle, and began covering the commercial vehicle industry in 2018. He was named editor of Bulk Transporter and Refrigerated Transporter magazines in July 2020.

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