LT Corp

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.

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

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. Propane Tank Repair and Recertification: LP Cylinder Service provides propane tank repair, recertification, and vessel accessories through proprietary automated processes.
4. 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.
5. 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

Core 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

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor.

• Industry Partners (for Tanco acquisition)minorStrategic or Co-development Partner · 20 June 2025LT 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 ConstructionminorImplementation/ SI/ Consulting PartnerBuckeye Fabricating partnered with Ferguson Construction for the expansion project, adding over 33,000 square feet of manufacturing space.
• Local Cedar Valley High SchoolsminorStrategic or Co-development PartnerKryton 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 CenterminorOthersQuality 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

Direct 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

• LinkedInlinkedin.com/company/lt-corporation-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LT Corp