TerraVest Acquires KBK Industries LLC

Toronto (Jan. 9, 2026) — TerraVest Industries Inc. has acquired KBK Industries LLC, a Texas-based manufacturer of fiberglass and steel storage tanks.

Headquartered in Houston, Texas, with manufacturing facilities in Rush Center and Liberal, Kansas, KBK is a well-known manufacturer of aboveground and underground fiberglass tanks for the c-store, agricultural, chemical, infrastructure and energy markets.

KBK was acquired for US$90 million cash, subject to a working capital adjustment approximately 90 days post-closing. The purchase price represents a multiple of approximately 5.6x to KBK’s trailing 12-month EBITDA.

Strategic Rationale for TerraVest’s Acquisition

• Established manufacturer of aboveground and underground fiberglass tanks for the U.S. market
• Compliments TerraVest’s existing aboveground fiberglass tank operations in Canada and recently acquired fiberglass tank operations in Maryland (January 2025) under the Composite USA brand name
• Opportunity to leverage TerraVest’s subsidiary’s relationships in the c-store market segment to enhance KBK’s sales channels
• Added geographical diversification further mitigates against tariff exposure across TerraVest’s corporate platform

John Jacob, president of Highland Tank Holdings Inc. welcomed employees and management of KBK and said he looks forward to their continuing commitment to the company and dedication to their customers. “KBK is a strong strategic fit for TerraVest, and in combination with Highland Tank and other TerraVest businesses, TerraVest now has the potential to provide the broadest product offering across the fiberglass and steel tank markets. The addition of KBK to the TerraVest portfolio will be beneficial to the existing customer base of both KBK and TerraVest, providing them with enhanced optionality in the industry,” said Jacob.

TerraVest used its existing credit facility to fund the acquisition of KBK.