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TSI News Release
BRIDGE INDUSTRIES PORTFOLIO COMPANY TRANSTECH ENERGY
ACQUIRES TUBULAR STRUCTURES INTERNATIONAL (“TSI”)
Cleveland, Ohio (October 6, 2014) – Bridge Industries, LLC (“Bridge”) announced today that TransTech Energy (“TransTech” – a Bridge portfolio company), through its newly formed subsidiary, TransTech Fabrication, LLC, acquired Tubular Structures International LLC (“TSI”), a leading fabricator of pressure vessels, storage vessels, and processing equipment for the oil and gas industry.
Jeff Berlin, President of Bridge stated “Our TransTech unit already had a strong working relationship with TSI and this acquisition represents the fulfillment of our goal to boost TransTech’s production capacity.” “We are very excited to welcome the dedicated team from TSI to the TransTech family and look forward to offering our expanding energy industry customer base the added engineering and production capabilities that come with TSI.”
Based in McGregor, Texas, TSI is certified by the National Board of Boiler and Pressure Vessel Institute and holds current ASME S, U, U2, PP, and R certifications. Operating from a 160,000 square production facility on 100 acres, TSI has modern equipment for rolling, welding, assembling, handling, painting and finishing large diameter, high-pressure, thick-walled tubular structures. Going forward, TSI and its management team will conduct operations under the name TransTech Fabrication, LLC.
TransTech designs, builds, installs and services specialized storage and handling systems for LPG (liquefied petroleum gas) and NGL’s (natural gas liquids). With nearly two decades of experience providing infrastructure solutions to the LPG industry, TransTech has expanded its product offering and market reach to support the increased infrastructure needs in the NGL industry. For more about TransTech Energy visit www.transtechenergy.com.
TransTech entered into a partnership with Bridge Industries, LLC of Chagrin Falls, OH one year ago to support their next phase of growth, which included building or acquiring fabrication facilities. The acquisition of TSI significantly increases TransTech’s production capacity and positions the company for future growth through the development of new products and services. TTE will continue to invest in people and capital equipment to build upon its strong position supplying storage and handling solutions across the energy industry.
Bridge Industries, LLC, founded by Jeff Berlin in 2003 is a holding company based in Chagrin Falls, Ohio. Bridge invests along with operating management teams to help successful manufacturers of engineered products expand into new markets and execute strategic growth plans. Bridge has specialized in the growing domestic energy sector. Since its TransTech investment in October of 2013 Bridge has worked closely with the management team to add new people and capacity, responding to increased customer demand for storage and handling infrastructure. The TSI acquisition provides existing production capacity and 100 acres of property in the gulf coast region for further expansion.