The company's management are veterans in the business and will take advantage of market opportunities that realize the full potential of CST's offerings, its proprietary technologies, and the unique processes and applications that have been built over the years. GKB and Don Wagner, CST's CEO, provided the equity capital. LaSalle Business Credit, Inc. provided senior term debt and a revolving credit facility. This financing is American Capital's first investment in 2001. Since 1997, ACAS has invested in middle-market companies in need of capital for growth, acquisitions, management and employee buyouts, or restructurings from a wide range of industries.
Storage tanks are a critical component of today's infrastructure.
The types of storage tanks manufactured by CST offer competitive advantages over other storage options, such as field-welded tanks, concrete, or underground tanks. Tanks constructed above the ground are easier to build, cost less and can be built in far larger capacities than underground tanks. Bolted steel tanks are competitive in the medium capacity range from 200,000 to two million gallons. They are resistant to corrosion, require little maintenance, can be quickly erected and relocated, and allow for increases in capacity. Factory coatings add further advantages to accommodate specific uses.