Merkland Tank

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Merkland Tank - overview

Established

2005

Location

Glasgow, Scotland, UK

Primary Industry

Oil & Gas

About

Merkland Tank provides specialized tank and vessel cleaning and maintenance services across various industries, utilizing advanced technologies to ensure compliance and operational efficiency. Merkland Tank, founded in 2005, is headquartered in Glasgow, UK, and specializes in tank and vessel cleaning solutions. In November 2017, the company was acquired by Nevis Capital, although financial details were not disclosed. The company has successfully completed one deal to date.


Merkland Tank specializes in providing comprehensive tank and vessel cleaning and maintenance solutions, catering to a diverse range of industries. The core offerings include tank and vessel cleaning, bespoke industrial cleaning, waste disposal, fuel tank maintenance, and fuel tank decommissioning. Their services are designed to address the specific needs of various sectors such as defence, oil and gas, food and beverage, marine, and wastewater management. By employing advanced technologies like UHP jetting and dry ice blasting, Merkland Tank effectively cleans tanks of various sizes, from small domestic units to large bulk storage tanks of up to 20,000,000 liters.


The company serves a wide client base across the UK and internationally, ensuring they meet the unique requirements of each project, whether it involves hazardous chemicals or standard industrial waste. Merkland Tank operates primarily on a B2B service model, providing tailored cleaning and maintenance solutions to businesses in various sectors. Transactions typically occur through contractual agreements for specific projects, which may include one-time services or ongoing maintenance contracts, ensuring consistent engagement with clients. The company’s revenue is driven by offering specialized services that address critical industry needs, with clients opting for bespoke contracts based on their operational requirements.


While specific pricing structures for individual services are not disclosed, the company’s comprehensive service offerings are designed to enhance operational efficiency and ensure compliance with industry standards. Their expertise and extensive experience in hazardous waste management further position them as a trusted partner for businesses requiring reliable tank and vessel cleaning solutions. Merkland Tank is focusing on expanding its service offerings and market presence, particularly targeting the oil and gas and marine sectors for growth opportunities by the end of 2023. The funding from the acquisition by Nevis Capital in November 2017 will be strategically utilized to enhance operational capabilities and invest in new technologies for cleaning solutions.


Current Investors

Nevis Capital

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Equipment and Services

Website

http://www.merklandtank.co.uk

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Merkland Tank - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedMerkland Tank-

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Merkland Tank - employee data

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