Solace Capital Partners-Backed CST Industries Acquires Ostsee Tank Solutions
Solace Capital Partners, L.P. (“Solace”), a leading private equity firm focused on providing creative capital solutions for middle market companies, today announced that its portfolio company CST Industries, Inc. (“CST” or the “Company”), a global leader in storage tanks and covers, has acquired Ostsee Tank Solutions GmbH (“OTS”).
- Solace Capital Partners, L.P. (“Solace”), a leading private equity firm focused on providing creative capital solutions for middle market companies, today announced that its portfolio company CST Industries, Inc. (“CST” or the “Company”), a global leader in storage tanks and covers, has acquired Ostsee Tank Solutions GmbH (“OTS”).
- OTS is a leading manufacturer of innovative tank solutions, including aluminum domes and covers, for various industrial applications.
- CST plans to utilize OTS’s state-of-the-art facilities and solutions to expand production and global market usage of CST’s Optidome EUTM product line.
- We are pleased to support the Company as it strengthens its position as a leading provider of storage tank, dome, and cover solutions,” said Christopher Brothers, Co-Founder and Managing Partner of Solace.