LT Corp
LT Corporation is a privately held, employee-owned industrial holding company operating eight manufacturing subsidiaries that produce propane tanks, ASME pressure vessels, aboveground storage tanks, steel tank heads, and spun metal components for propane dealers, OEMs, and industrial customers across the United States.
- Company typePrivate
- Founded1957
- HeadquartersCleveland, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What LT Corp does
LT Corporation (LT Corp) is a privately held, employee-owned (ESOP) industrial holding company headquartered in Cleveland, Mississippi, founded by the Tims family and now operating a portfolio of eight wholly-owned manufacturing and service subsidiaries across the United States. The company's core business spans the manufacture of propane and ammonia tanks, ASME-code and non-code pressure vessels, aboveground storage tanks, steel tank heads, and spun metal components, serving propane gas dealers, OEM manufacturers, water treatment facilities, chemical, oil and gas, aerospace, mining, agricultural, and government customers. Notable operating companies include Quality Steel Corporation (propane tanks, three manufacturing sites), LP Cylinder Service (tank refurbishment and DOT/ASME recertification), Buckeye Fabricating (custom ASME pressure vessels), Kryton Engineered Metals (3D laser cutting, CNC spin forming, fabrication), Tate Metalworks (large-format shop fabrication and field erection), Tanco Engineering (aboveground storage tank construction with patented floating roof seals), Commercial Metal Forming (the largest tank head manufacturer in North America), and LT Corp Logistics (specialized propane tank transportation).
The company's revenue model combines B2B hardware sales of fabricated steel products with recurring professional services in tank recertification, field erection, and transportation. Pricing is set independently by each subsidiary based on custom specifications and is not publicly disclosed; products are sold direct to industrial customers through subsidiary-level sales teams, supported by industry trade show participation (notably the annual NPGA Propane Expo) and shared corporate resources. LT Corp pursues a disciplined acquisition strategy — completing six material acquisitions since 2019 — to add adjacent capabilities, geographies, and product categories while retaining subsidiary brands and management teams. Underlying technology is rooted in industrial fabrication rather than software: patented storage tank seal systems, proprietary automated painting and recertification processes, advanced 3D laser systems, CNC spin forming, and hydrostatic testing equipment. Third-generation family leadership under President Sean Wessel, combined with an ESOP structure since 2004, provides long-tenure continuity and aligned employee incentives that are unusual in the fragmented industrial fabrication sector.
LT Corp firmographics
Firmographics- Name
- LT Corp
- Legal name
- LT Corporation, Inc.
- Website
- https://ltcorp-inc.com/
- Company type
- Private
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- LT Corporation is a privately held, employee-owned industrial holding company operating eight manufacturing subsidiaries that produce propane tanks, ASME pressure vessels, aboveground storage tanks, steel tank heads, and spun metal components for propane dealers, OEMs, and industrial customers across the United States.
- Ownership category
- akta.pro rank
Where LT Corp is headquartered
LocationHeadquarters
- HQ city
- Cleveland
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
LT Corp business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Propane and Pressure Vessel Tank Sales: Manufacturing and sale of propane tanks, ammonia tanks, dispenser tanks, ASME-code and non-code pressure vessels, and storage tanks through Quality Steel, Buckeye Fabricating, Commercial Metal Forming, Tate Metalworks, and Tanco Engineering subsidiaries.
- Metal Spinning and Fabrication Services: Metal cutting, forming, and fabrication services through Kryton Engineered Metals for short and medium run components serving various industries including aerospace, automotive, and general manufacturing.
- Propane Tank Repair and Recertification: LP Cylinder Service provides propane tank repair, recertification, and vessel accessories through proprietary automated processes.
- Storage Tank Construction, Repair and Maintenance: Tanco Engineering provides aboveground storage tank construction, maintenance, and repair services including design, supply, and installation of aluminum geodesic dome roofs.
- Propane Tank Transportation: LT Corp Logistics specializes in propane tank and pressure vessel transportation with a fleet of specialized delivery assets and professional drivers.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
LT Corp product offering
Product offeringCore offering
LT Corp manufactures and sells industrial tanks, pressure vessels, storage tanks, steel tank heads, and metal spun components through its subsidiary companies. Its offerings cover the full propane tank lifecycle (manufacturing, repair, recertification, transportation) and extend to custom ASME-code pressure vessels, aboveground storage tank construction, field erection services, and metal fabrication for OEMs and industrial customers across multiple US states.
Product overview
LT Corporation is a parent company operating a portfolio of manufacturing and service companies in the propane solutions, pressure vessel, steel fabrication, metal spinning, and storage tank construction industries. The company's product ecosystem includes Quality Steel Corporation (propane and ammonia tanks), LP Cylinder Service (tank repair and recertification), Buckeye Fabricating (custom pressure vessels), Kryton Engineered Metals (metal spinning and fabrication), Tate Metalworks (large fabricated tanks and vessels), Tanco Engineering (aboveground storage tank construction and repairs), and Commercial Metal Forming (steel tank heads, acquired 2026). The portfolio is complemented by LT Corp Logistics for transportation services. The companies operate independently while sharing common culture, best practices, and supporting resources under the LT Corporation umbrella.
Differentiator
Problem solved
Functional benefit
Products and services
- Quality Steel Corporation Manufacturer of aboveground and underground propane, ammonia, and dispenser tanks for residential, commercial, small industrial, and agricultural use, operating three U.S. manufacturing locations in Mississippi, Ohio, and Utah.
- LP Cylinder Service Provider of propane tank repair, propane container recertification, and vessel accessories using proprietary automated processes and advanced hydrostatic testing equipment for DOT and ASME recertification, operating from facilities in Pennsylvania.
- Buckeye Fabricating Company High-quality engineering and production of custom fabricated ASME pressure vessels, storage tanks, jacketed tanks, and test chambers serving water treatment, pulp and paper, oil and gas, green energy, chemical, process heating, aerospace, and mining industries, located in Springboro, Ohio.
- Kryton Engineered Metals Leading manufacturer of spun metal components and fabricated parts serving various industries, operating an ISO 9001:2015 certified 105,000 sq. ft. facility with advanced 3D laser systems and CNC spin forming machinery in Cedar Falls, Iowa.
- Tate Metalworks Provider of highly engineered steel and alloy tanks and vessels with a focus on larger shop fabricated and field erected projects, serving pulp and paper, chemical, environmental and power, and packaging industries from Roebuck, South Carolina.
- Tanco Engineering Premier builder and servicer of aboveground storage tanks, specializing in tank construction, maintenance, and repairs with in-house fabrication capabilities, patented floating roof seal systems, and aluminum geodesic dome roof design and installation, based in Loveland, Colorado.
- Commercial Metal Forming World-class manufacturer of ASME-code and non-code steel tank heads, the largest tank head manufacturer in North America, founded in 1920, serving manufacturing, energy, transportation, and other sectors through facilities in Youngstown, Ohio; Saginaw, Texas; and Orange, California.
- LT Corp Logistics Specializes in propane tank and pressure vessel transportation as the logistics arm of LT Corp, defined by focus on safety, quality, and professionalism with specialized delivery assets and professional drivers, based in Cleveland, Mississippi.
Quantifiable outcome
- More than tripling of manufacturing capacity at Buckeye Fabricating through 33,000 sq ft expansion
- +2 more outcomes
Companies that use LT Corp
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
LT Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
LT Corp partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- Industry Partners (for Tanco acquisition)minorLT Corp was advised by Bradley as legal counsel. Industria Partners served as strategic advisor and Holland & Knight provided legal counsel to Tanco during the acquisition.
- Ferguson ConstructionminorBuckeye Fabricating partnered with Ferguson Construction for the expansion project, adding over 33,000 square feet of manufacturing space.
- Local Cedar Valley High SchoolsminorKryton Engineered Metals partners with local high schools through its student associate program, bringing students into real-world engineering and manufacturing environments. Recognized in Forbes article on Profession-Based Learning.
- Vanguard Sentinel Career & Technology CenterminorQuality Steel Fremont, Ohio location partners with Vanguard Sentinel Career & Technology Center, providing donations and support for workforce development in the local community.
Scale indicators6 records
Recent moves7 records
Expansion highlights7 records
LT Corp competitors and assessment
Company assessmentDirect peers
- Worthington Enterprises: Worthington Enterprises (formerly Worthington Industries) is a direct peer in steel pressure cylinder manufacturing for propane, industrial gas, and refrigerant applications. Its Pressure Cylinders business segment competes head-to-head with Quality Steel in the North American propane tank market, with similar ASME-code product lines and dealer channel.
- Chart Industries: Chart Industries manufactures cryogenic and specialty tanks, pressure vessels, and process equipment for industrial gas, energy, and chemical applications. Overlaps directly with LT Corp's pressure vessel and storage tank business in industrial cryogenic and process applications.
- Matrix Service Company: Matrix Service Company constructs aboveground storage tanks, specialty vessels, and provides field services to oil & gas, chemical, and industrial customers. Closely matches Tanco Engineering's and Tate Metalworks' field-erected storage tank and pressure vessel services.
- CIRCOR International: CIRCOR designs and manufactures flow control products and engineered pressure vessels for industrial and process applications. Comparable in the engineered ASME pressure vessel space and similar customer base to Buckeye Fabricating and Kryton Engineered Metals.
- Northwest Pipe Company: Northwest Pipe Company manufactures engineered steel pipe and pressure vessels for water infrastructure, industrial, and energy applications. Comparable in custom heavy-gauge steel fabrication and pressure vessel production, similar to Buckeye and Commercial Metal Forming.
Broad incumbents
- Mueller Industries: Mueller Industries is a larger diversified manufacturer of copper, brass, aluminum, and plastic products serving plumbing, HVAC, and industrial markets. While not a direct tank competitor, it is a comparable diversified industrial metal products company with a long acquisition track record and family-influenced governance.
- Trinity Industries: Trinity Industries manufactures railcars, barges, structural steel, and industrial products for energy, transportation, and construction markets. Comparable as a large-scale North American industrial fabricator with overlap in storage and pressure vessel product lines.
Emerging players
- Standex International: Standex International is a multi-industrial holding company with engineered components and industrial products segments. Operates a similar decentralized subsidiary model to LT Corp and has overlap in specialty industrial products for aerospace, energy, and industrial customers.
- Babcock & Wilcox Enterprises: Babcock & Wilcox designs and manufactures steam generation, environmental, and energy technologies including pressure vessels and heat exchangers. Comparable in engineered industrial equipment serving power, chemical, and industrial customers, though more focused on boiler systems.
Others
- Team Inc. Team Inc. provides specialty industrial services including inspection, maintenance, and repair for energy, refining, and industrial facilities. Comparable as a service-driven partner adjacent to Tanco Engineering's storage tank maintenance and field services business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
LT Corp social profiles
Digital presenceLT Corp compliance and trust
Trust signalCompliance2 records
LT Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
LT Corp leadership team
Management profileNumber of profiles
Profiles5 records
LT Corp subsidiaries and ownership
Company hierarchySubsidiaries8 records
LT Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LT Corp M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LT Corp
What does LT Corp do?
LT Corp manufactures and sells industrial tanks, pressure vessels, storage tanks, steel tank heads, and metal spun components through its subsidiary companies. Its offerings cover the full propane tank lifecycle (manufacturing, repair, recertification, transportation) and extend to custom ASME-code pressure vessels, aboveground storage tank construction, field erection services, and metal fabrication for OEMs and industrial customers across multiple US states.
Is LT Corp a public or private company?
LT Corp is a private company. It is classified as management employee owned and is currently operating.
When was LT Corp founded?
LT Corp was founded in 1957. It employs 51 to 100 people.
Where is LT Corp based?
LT Corp is headquartered in Cleveland, United States, in the North America region.
How does LT Corp make money?
Five revenue lines are on record. Propane and Pressure Vessel Tank Sales are the primary driver. The others are metal Spinning and Fabrication Services, propane Tank Repair and Recertification, storage Tank Construction, Repair and Maintenance and propane Tank Transportation.
Who are LT Corp's main competitors?
Direct peers on record are Worthington Enterprises, Chart Industries, Matrix Service Company, CIRCOR International and Northwest Pipe Company. Broad incumbents are Mueller Industries and Trinity Industries. Emerging players are Standex International and Babcock & Wilcox Enterprises. Team Inc. is listed as an others.
Does LT Corp have an API?
No public API is recorded for LT Corp.