SPATCO acquires Discovery Tank and Tank Wizards
Kian Capital-backed SPATCO Energy Solutions recently completed the acquisitions of Discovery Tank Testing and Tank Wizards.
Discovery is a provider of environmental compliance and testing services to retail fueling sites and commercial operators in Florida. The company’s services include a wide range of essential certifications, inspections, and tests to maintain the health and longevity of underground and above-ground storage tanks. Tank Wizards is a provider of fuel tank cleaning, fuel polishing and heavy maintenance services to retail and commercial customers across Florida.
“These acquisitions represent a continuation of our long-term strategy set in conjunction with our 2024 recapitalization,” SPATCO CEO John Force said in a news release. “Our mission continues to be building a single-source solutions provider for our customers nationwide. To do so, we bring deep intentionality and purpose into every strategic acquisition, geographic expansion, and service-line extension we pursue as a platform.
“Discovery and Tank Wizards are aligned with both our culture and values as a business, as well as our ongoing strategy to deepen our presence in the environmental services sector.”
The acquisitions expand SPATCO’s environmental service capabilities and scale in Florida by strengthening the platform’s existing retail footprint, growing its reach in commercial services, and adding two branch locations, bringing the total to 38 nationwide, SPATCO reported. Specifically, the addition of Discovery bolsters SPATCO’s broader testing and compliance business by adding testing and compliance technicians in the Florida region. The partnership with Tank Wizards deepens SPATCO’s environmental and tank-cleaning operations with a focus on municipal and commercial customers and adds additional service offerings, as well as environmental service and compliance technicians in the state.
“SPATCO has built a strong reputation as a thoughtful steward of founder-owned businesses, and we’re thrilled to work with the platform to continue to provide the world-class service that Discovery is known for in the Florida market,” Discovery CEO Liz Pellegrino said.
These latest acquisitions are the platform’s fifth and sixth partnerships following the closing of SPATCO’s single-asset continuation fund in July 2024.
“Tank Wizards is excited to partner with a platform that shares our focus on quality, creativity and innovation,” added Wendall Stroderd, Tank Wizards CEO and owner. “I’m confident that these teams will build on each other’s strengths and bring about a powerful new chapter for the business.”