MelCap served as Stonewood and Tank’s exclusive investment banker and financial advisor in the sale of the business. In an effort to provide the shareholders with liquidity, and to continue to support Tank’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business. As a result, Tank was sold to Precision Pipeline Solutions, a natural gas and electric utility contractor. Precision Pipeline Solutions is a subsidiary of Primeline Utility Services, the North American utility services platform of VINCI Energies. VINCI Energies operates as a subsidiary of VINCI, a global publicly traded company headquartered in Nanterre, France, focused on designing, building, and operating infrastructure and facilities worldwide.
