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Alliance Holdings adds Design Tanks to its portfolio of operating company investments
 
 

Abington, PA - Alliance Holdings, Inc. is pleased to announce its most recent acquisition of Design Tanks, LLC. Design Tanks is a fiberglass-reinforced plastic (FRP) tank manufacturing company with more than 40 years experience located in Sioux Falls, SD. Design Tanks provides engineering, design, and manufacturing processes for customers, handling a project from conception to delivery and following up with service.

Each fiberglass tank is designed, engineered, and manufactured to meet customer specifications with the highest quality available in the storage and containment business. Design Tanks’ fiberglass tanks have provided containment solutions and advantages over other materials for a wide array of products including chemical, water, pharmaceutical, paper, agriculture, mineral, and food. For more information regarding Design Tanks, please visit their website.

When asked about partnering with Alliance Holdings, Tom Huegel, Design Tanks’ owner, stated “I felt Alliance Holdings was able to provide Design Tanks with support and experience necessary to realize all of its potential over the long term. Additionally, I am happy to see Design Tanks employees building ownership in their futures through the Alliance Holdings ESOP.” T.J. Haas, Manager of Acquisitions at Alliance Holdings, added “We are excited to partner with Design Tanks and feel this investment brings new market opportunities to Alliance Holdings. This transaction furthers our goal of diversification for our employee owners.”

About Alliance Holdings
Alliance Holdings is a 100% employee-owned holding company (through an ESOP) that invests in market-leading manufacturers of industrial, commercial and construction products. Founded in 1994, Alliance has grown to become one of the largest ESOP holding companies in the country. Alliance’s mission is to create an enduring, diversified ESOP-owned company that maximizes the value of our employee-owners retirement accounts.

For more information, contact:

Ken Wanko
Director, Acquisitions & Operations
Alliance Holdings, Inc.
1021 Old York Road, 3rd Fl.
Abington, PA 19001
(T) 215.706.0873 ext. 126 (F) 215.706.0877
wanko@allianceholdings.com
 

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