Bay Tank & Vessel of Canada Ltd. (BTV Canada)

What Bay Tank & Vessel of Canada Ltd. (BTV Canada) does

Bay Tank and Vessel of Canada Ltd. (BTV Canada) is a privately held, Calgary-based industrial construction firm established in 2009 as part of the Bay Ltd. corporate family, inheriting a 65-year legacy in tank and vessel construction. The company specializes in the design, engineering, material supply, shop fabrication, field erection, and maintenance of API 650 storage tanks for the Canadian oil and gas industry, serving LNG, SAGD (Steam-Assisted Gravity Drainage), Midstream, and Downstream facility operators across North America.

BTV delivers projects through an integrated end-to-end operating model that incorporates workface planning at the proposal stage, in-house design and pre-manufacturing capabilities, and strategic alliances for mill direct material supply. This combination is positioned to reduce design, manufacturing, mobilization, and erection cycle times. The firm holds key contractor prequalifications including Avetta, ComplyWorks, Alberta Construction Safety Association COR / CSA Star Level 1, and ISNetworld, and emphasizes safety, on-time delivery, and budget adherence as core service attributes.

Revenue is generated on a project-by-project basis through direct enterprise engagement and Request for Proposal processes, with fixed-price contract methodologies available. Pricing is quote-based and not publicly disclosed. Since commencing Canadian operations, BTV has completed over 125 tanks with cumulative storage capacity exceeding 14 million barrels. There are no disclosed funding events, no AI or software capabilities, and no named enterprise customers in the available data.

Name

Bay Tank & Vessel of Canada Ltd. (BTV Canada)

Legal name

Bay Tank and Vessel of Canada Ltd.

Website

https://btvcanada.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Bay Tank and Vessel of Canada Ltd. is a Calgary-based, privately held industrial construction firm that designs, engineers, fabricates, and erects API 650 storage tanks for Canadian oil and gas operators across LNG, SAGD, Midstream, and Downstream facilities.

Ownership category

akta.pro rank

Product category

Industrial Storage Tank Construction

NAICS

Metal Tank (Heavy Gauge) Manufacturing (332420), Boiler, Tank, and Shipping Container Manufacturing (3324)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Crude Oil Tank Farms & Terminals (TLAGAKAA)

Keywords

• API 650 storage tanks
• Field tank erection
• Tank fabrication services
• Oil and gas construction
• Industrial tank maintenance

Headquarters

HQ city

Calgary, AB

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Others

Revenue model

1. Storage Tank Construction Services: Project-based revenue from design, engineering, material supply, shop fabrication, field erection, and maintenance services for API storage tanks. Revenue is generated through various contract methodologies including fixed price arrangements from concept to coating.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Bay Tank & Vessel of Canada Ltd. (BTV) designs, engineers, supplies, fabricates, erects, and maintains field-constructed API 650 storage tanks for the Canadian oil and gas industry. The company executes full project lifecycles from concept to coating, including in-house design, pre-manufacturing, shop fabrication, and field erection, serving LNG, SAGD, Midstream, and Downstream facilities across North America.

Product overview

Bay Tank & Vessel of Canada Ltd. (BTV Canada) operates as a single unified service offering focused on API 650 storage tank construction. The company's core product encompasses the complete project lifecycle: design, engineering, material supply, shop fabrication, field erection, and maintenance services. Since entering the Canadian market, BTV has completed over 125 tanks with a combined storage capacity exceeding 14 million barrels across LNG, SAGD, Midstream, and Downstream facilities throughout North America.

Differentiator

Problem solved

Functional benefit

Products and services

• API 650 Storage Tank Services Comprehensive API 650 storage tank services encompassing design, engineering, material supply, shop fabrication, field erection, and maintenance for the Canadian oil and gas industry. Services support LNG, SAGD, Midstream, and Downstream facilities across North America.

Quantifiable outcome

• Completed over 125 tanks with over 14 million barrels of storage capacity
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Bay Ltd.coreStrategic or Co-development PartnerBay Ltd. is the parent company with a 65-year legacy in the tank construction industry. BTV Canada follows this legacy and maintains close operational ties, including shared branding and reference on partner pages.
• Bay International CanadacoreStrategic or Co-development PartnerBay International Canada operates as a related entity within the Bay group of companies. Listed as a partner on the BTV Canada contact page.
• Mill Direct Material SuppliersminorStrategic or Co-development PartnerStrategic alliances for mill direct material supply enable BTV to offer competitive pricing and quality leadership in the API storage tank market.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Regional players

• PCL Construction: Canadian-headquartered general contractor with industrial construction capabilities including oil and gas facility work. Regional peer that may compete on some BTV projects in Western Canada.
• Graham Construction: Canadian construction firm with industrial capabilities serving oil and gas, mining, and energy infrastructure markets. Regional peer in the Canadian industrial construction space.
• Aecon Group: Major Canadian construction company with industrial segment that includes storage tank and process facility construction. Competes with BTV in Canada but at much larger scale and broader project portfolio.

Broad incumbents

• Bechtel: Major global EPC contractor with storage tank construction as a core service area across LNG, midstream, and refining. Overlaps BTV's capability set but at much larger scale and broader project scope.
• McDermott International (CB&I legacy): Global EPC major with extensive storage tank capabilities across oil and gas, LNG, and petrochemical projects. Overlaps BTV's offering but as part of a much broader engineering, procurement, and construction portfolio.

Direct peers

• CST Industries: Manufacturer of bolted and welded storage tanks for industrial liquids including oil and gas applications. Direct product-line peer, though more focused on factory-fabricated tanks rather than field erection.
• Palmer Construction: Specialty contractor focused on above-ground storage tank construction, repair, and modification for the petroleum industry. Direct competitor to BTV with similar product line and customer base.
• Matrix Service Company: US-based provider of storage tank construction and repair services for the oil and gas industry, including LNG, midstream, and downstream facilities. Closely matches BTV's product offering and customer base.
• EN-FAB (Energy Fabrication Services): Fabricates and constructs storage tanks, pressure vessels, and structural steel for oil and gas applications. Highly comparable business model focused on field-erected tanks for upstream and midstream customers.
• T.F. Warren Group (Tarsacci): Industrial construction company specializing in API 650 storage tank construction for oil, gas, and chemical industries. Direct competitor with similar end-market focus and field-erected tank delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bay-tank-vessel-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Bay Tank & Vessel of Canada Ltd. (BTV Canada)