Terravest Industries Compressed Gas Equipment Division

What Terravest Industries Compressed Gas Equipment Division does

TerraVest Industries Compressed Gas Equipment Division is the compressed gas storage and transport equipment segment of publicly-traded TerraVest Industries, operating five North American sub-brands: TerraVest Tanks (domestic aboveground and underground tanks, 330–1,999 USWG), Signature Truck Systems (custom bobtails, crane service trucks, cylinder trucks, transloaders, and transports), Mississippi Tank Company (custom pressure vessels for petro-chemical, LPG, and NH3 applications since 1945), Maxfield (pressure vessels and dispensers for Western Canada), and Pro-Par Inc. (Quebec-based domestic tanks, storage vessels, TC 331 transports, and modular plant fabrication). The division manufactures pressure vessels, bobtails, bulk storage tanks (up to 180,000 USWG), transports, crane service trucks, dispensers, transloaders, and porta-paks, supported by an extensive parts, refurbishing, and authorized installer network. Technical capabilities include in-house engineering, multi-step proprietary refurbishing (shot blasting, powder coating, vacuum purge, PWHT), compliance with DOT/ASME/NFPA 58/NBIC standards, and quality control processes such as technician/management signature decals on every vehicle built.

The division generates revenue through four streams: equipment manufacturing (bobtails, tanks, transports, dispensers), parts and service (multi-brand parts inventory plus testing, repair, and maintenance), refurbishing services (full restoration of tanks and trailers), and tank trailer repair (NDA/NDE testing, hydrostatic testing, ASME welding, sandblasting, painting). Go-to-market is anchored by eight territory managers covering New England, Great Lakes, Midwest, Rocky Mountain, Western Canada, Eastern Canada, Key Accounts, and open territories, supplemented by an industry tradeshow presence (NPGA, Great Lakes Propane Convention, Western Propane Tradeshow, Eastern Energy Expo, MAGIE) and a real-time online inventory system for customer self-service. The company sells through direct enterprise sales to propane retailers, petrochemical operators, agricultural chemical users (NH3), compressed gas distributors, and oil & gas operators across the USA and Canada.

The division operates from approximately 15 manufacturing, distribution, and service locations spanning Michigan, Mississippi, Indiana, Iowa, Maine (USA) and Alberta, Saskatchewan, Manitoba, Ontario, Quebec (Canada). Operations are organized by sub-brand with cross-brand coordination for inventory, lead times, and aftermarket support. The business model is asset-heavy industrial manufacturing with recurring aftermarket revenue from parts, service, and refurbishing. The parent company, TerraVest Industries, is publicly traded, providing capital market access for further acquisitions or expansion; the division itself does not have separate funding rounds or standalone financials disclosed.

Name

Terravest Industries Compressed Gas Equipment Division

Legal name

TerraVest Industries

Website

https://terravestlpg.com

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

TerraVest Industries Compressed Gas Equipment Division manufactures propane and compressed gas storage tanks, bobtails, transports, bulk storage, and dispensers through five North American sub-brands, serving propane retailers, petrochemical, agricultural, and oil & gas operators across the USA and Canada.

Ownership category

akta.pro rank

Product category

Compressed Gas Storage and Transport Equipment Manufacturing

NAICS

Boiler, Tank, and Shipping Container Manufacturing (3324), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL)

akta.pro secondary industry

Pump & Compressor Packages (Skids, Booster Sets) (IMAHANAG)

Keywords

• Compressed gas equipment
• Propane storage tanks
• Bobtail delivery trucks
• Bulk storage vessels
• Pressure vessel manufacturing

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Compressed Gas Equipment Manufacturing: Design, engineering, and manufacturing of compressed gas storage and transport equipment including bobtails, bulk storage tanks, transports, crane service trucks, domestic tanks, cylinder trucks, dispensers, transloaders, and porta-paks. Products range from 330 USWG domestic tanks to 180,000 USWG bulk storage tanks.
2. Parts & Service: Extensive parts inventory and service locations throughout US and Canada. Parts include components from MEC, Blackmer, Idex Corporation, Corken, Liquid Controls, Jomar Valve and other leading manufacturers. Services include testing, repair, and routine maintenance.
3. Refurbishing Services: Proprietary refurbishing process for bobtails, domestic tanks, and transports ensuring tank fleet restoration to excellent condition. Also includes refabrication and repair of old/damaged tanks including pinhole leaks, broken handles/feet, and corrosion repair.
4. Tank Trailer Repair Services: Complete tank trailer repair including NDA examinations, NDE testing, hydrostatic testing, calibration, ASME welding and alterations, sandblasting, and painting.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

TerraVest Industries Compressed Gas Equipment Division designs, engineers, and manufactures propane and compressed gas storage and transport equipment — including pressure vessels, bobtails, bulk storage tanks, transports, crane service trucks, and domestic tanks — across five sub-brands in the USA and Canada. The division also supplies an extensive parts inventory through MTankCo Supply and provides refurbishing, repair, testing, and installation services for the LPG, petro-chemical, agricultural, and oil & gas industries.

Product overview

TerraVest Industries Compressed Gas Equipment Division offers a comprehensive portfolio of compressed gas storage and transport equipment through five sub-brands: TerraVest Tanks (domestic tanks from 330 to 1,999 USWG, aboveground and underground), Signature Truck Systems (custom bobtails, crane service trucks, cylinder trucks, transloaders, and transports), Mississippi Tank Company (pressure vessels and LPG/NH3 storage since 1945), Maxfield (Western Canada compressed gas equipment with dispensers and skids), and Pro-Par Inc. (Quebec-based tanks and TC 331 transports). The product line spans bobtails (1,200-8,500 USWG), bulk storage tanks (5,000-180,000 USWG), crane service trucks, domestic tanks, transports, cylinder trucks, dispensers (Propane, Auto-Gas, High-Pressure), transloaders, and Porta-Paks for portable storage. The company provides a 'One Source, Many Solutions' approach enabling customers to access multiple brands for timely deliveries, massive inventory, flexible financing, and a wider range of services.

Differentiator

Problem solved

Functional benefit

Brands

• TerraVest Tanks: Building and refurbishing aboveground and underground domestic tanks from 330 to 1,999 USWG in the USA and Canada
• Signature Truck Systems
• Mississippi Tank Company
• Maxfield
• Pro-Par, Inc.

Products and services

• Bobtails Propane delivery trucks in standard or drop deck design, ranging from 1,200 to 8,500 USWG. Features include center console boxes, hose reels, 3-inch Blackmer pump, LC meter, and various gauge and lighting systems. Built with steel or stainless decks, custom configurations available; designed for propane/LPG distributors.
• Bulk Storage Tanks Large variety of bulk storage tanks from 5,000 to 180,000 USWG for propane, CO2, anhydrous ammonia (NH3), natural gas liquids (NGL), and other chemicals. Options include stationary or portable, aboveground or underground, horizontal or vertical configurations with various paint systems; onsite stress relieving (PWHT) available for severe service.
• Crane Service Trucks Service trucks with aluminum body and cabinets in any configuration, featuring flip-up doors, LED lighting, hydraulic or manual outriggers. Body sizes from 12 ft to 16.5 ft, designed to carry two 500 or two 1,000 USWG tanks. Multiple crane manufacturers available.
• Domestic Tanks Aboveground (AG) and underground (UG) domestic tanks from 330 to 1,999 USWG. Features thick shells, straight legs with center supports, and powder-coat finish. Manufactured in USA and Canada with 100% Rego valves.
• Transports Tank trailers engineered for maximum payloads, including 17,750 USWG compressed gas trailers (six axles), 14,550 USWG East Coast Special trailers (tri-axle), 5,600 USWG insulated CO2 trailers, and 5,100 USWG refrigerant gas trailers. Full repair and certification services available.
• Cylinder Trucks Custom options for cylinder trucks meeting unique customer requirements for sizes, features, and configurations; for propane and compressed gas cylinder delivery.
• Dispensers Three types of dispensers offered: Propane, Auto-Gas, and High-Pressure dispensers for compressed gas applications.
• Transloaders Chassis-mounted transloaders for swift maneuverability to unload railcars and fill bulk transports with propane or butane. In-house engineering with custom, application-specific design compliant with ANSI/SAIA A92.2 - 2015 standards.
• Porta-Paks Portable bulk storage solutions for compressed gas or anhydrous ammonia. Custom designs available with compliance on state and federal levels.
• Skids Transportable skid-mounted tanks providing versatility and flexibility. Optional winch on skids to eliminate need for onsite crane. Fully integrated pumping and piping systems available.
• TerraVest Tanks Brand Line Aboveground (AG) and underground (UG) domestic tanks from 330 to 1,999 U.S. Water Gallons (USWG), manufactured throughout the USA and Canada. Custom sizes available upon request.
• Signature Truck Systems Brand Line Custom bobtails, crane service trucks, cylinder delivery trucks and trailers, transloaders, and transports with refurbishing services. Located in Clio and Houghton Lake, MI; began operations in 1999.
• Mississippi Tank Company Brand Line Custom fabricated pressure vessels for petro-chemical industries and LPG/NH3 storage tanks and transport trailers. Founded in 1945, headquartered in Hattiesburg, MS with locations in Osceola, IA and Vincennes, IN. MTankCo Supply provides parts distribution.
• Maxfield Brand Line Pressure vessel storage and transportation equipment for compressed gas, agricultural, and oil & gas industries across Western Canada. Also offers dispensers, skids, and installation services.
• Pro-Par, Inc. Brand Line Quebec-based manufacturer providing aboveground (AG) and underground (UG) domestic tanks from 320 to 1,999 USWG, storage vessels from 5,000 to 90,000 USWG, TC 331 transports for LPG, bobtails, modular plant fabrication, and installation services. Distribution center in Bangor, Maine for USA customers.
• Parts & Service Operations Extensive parts inventory and service locations throughout US and Canada. Parts include components from MEC, Blackmer, Idex Corporation, Corken, Liquid Controls, Jomar Valve and other leading manufacturers. Services include testing, repair, and routine maintenance.
• Refurbishing Services Proprietary refurbishing process for bobtails, domestic tanks, and transports ensuring tank fleet restoration to excellent condition. Also includes refabrication and repair of old or damaged tanks including pinhole leaks, broken handles/feet, and corrosion repair.
• Tank Trailer Repair Services Complete tank trailer repair including NDA examinations, NDE testing, hydrostatic testing, calibration, ASME welding and alterations, sandblasting, and painting.

Quantifiable outcome

• Shortest lead times in the industry
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• MTankCo SupplycoreChannel Partner/ Reseller/ DistributorMTankCo Supply is a division of Mississippi Tank Company that has been distributing compressed gas equipment for over 50 years. Offers a large assortment of products paired with knowledgeable staff. Long-term relationships with leading manufacturers including MEC, Blackmer, Idex Corporation, Corken, Liquid Controls, Jomar Valve, and more. Provides seamless experience with parts and supplies for the life of each product.
• Authorized InstallerscoreImplementation/ SI/ Consulting PartnerTerraVest Industries has partnerships with authorized installers to assist customers with installation of compressed gas storage solutions and ensure compliance with state and federal regulations. Engineers provide expertise through the design process.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Polar Tank Trailer: Manufacturer of tank trailers for liquid and compressed gas transport across food, chemical, and petroleum end markets. Direct competitor to TerraVest's transport and bulk storage divisions.
• Brenner Tank: Designs and manufactures tank trailers and truck-mounted equipment for the propane, chemical, and refined fuel industries. Direct competitor to TerraVest's transports and bulk storage product lines.
• Beall Corporation: Manufacturer of tank trailers for petroleum, chemical, and compressed gas transport, including propane transports and bobtails. Closely comparable product line and customer base to TerraVest's transport offerings.
• Westmor Industries: Manufacturer of tank trailers, bobtails, and skids serving the propane, refined fuel, and chemical transport markets. Closely comparable to TerraVest's Signature Truck Systems brand for transports, bobtails, and truck-mounted equipment.
• Manchester Tank: A subsidiary of Worthington Enterprises and one of the largest North American manufacturers of propane tanks (both domestic and ASME). Directly competes with TerraVest Tanks and Mississippi Tank Company in propane cylinders and storage tanks for the LP-gas industry.
• American Welding & Tank (AW-T): Manufacturer of propane tanks, bulk storage, and ASME pressure vessels for the LP-gas and industrial gas markets. Directly comparable product portfolio across domestic tanks and large bulk storage solutions.

Broad incumbents

• Chart Industries: Larger industrial gas and cryogenic equipment manufacturer with broad exposure to LNG, CO2, and specialty gas storage. Overlaps with TerraVest's bulk storage and pressure vessel offerings but serves a broader cryogenic and industrial gas market.
• Worthington Enterprises: Publicly traded parent of Manchester Tank and a leading processor of pressure cylinders for propane and industrial gases. Overlaps directly with TerraVest Tanks and Mississippi Tank Company through its Manchester Tank subsidiary while operating a broader portfolio.
• Heil Trailer International: Diversified trailer manufacturer with tank trailer product lines for petroleum and chemical transport. Competitor in transport/trailer segment but with broader product portfolio beyond compressed gas.
• Trinity Industries: Diversified industrial manufacturer with railcars, barges, and structural steel products including pressure vessels and tank components. Overlaps at the pressure vessel / large bulk storage scale but serves broader industrial and rail markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/terravest-industries-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

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 Terravest Industries Compressed Gas Equipment Division