What is Pat Tank?
PAT Tank, Inc. is a vertically integrated steel fabricator and contractor headquartered in Port Arthur, Texas. Since its inception in 1945, the company has specialized in the construction and repair of aboveground storage tanks, serving critical industries such as petroleum, agriculture, power generation, and chemical sectors. Their comprehensive service offerings include tank repair and retrofit, installation of tank seals, and new tank construction, all executed with a rigorous commitment to safety and quality standards. As a privately held entity, PAT Tank has solidified its reputation as an industry leader in providing robust tank solutions across the Gulf Coast region and beyond.
How much funding has Pat Tank raised?
Pat Tank has raised a total of $2.5M across 2 funding rounds:
Debt
$1M
Debt
$1.5M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.5M led by PPP
Key Investors in Pat Tank
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Pat Tank?
The recent major strategic investment indicates a phase of potential expansion or enhancement of PAT Tank's operational capabilities. This capital infusion is likely to support the company's ongoing commitment to serving its core industries, potentially enabling upgrades to infrastructure, adoption of new fabrication technologies, or expansion into new service territories. Given its long-standing history and established market presence, this financing suggests a strategic move to further solidify its leadership in the steel fabrication and tank construction market.
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