Rhodes Manufacturing

Rhodes Manufacturing specializes in custom above-ground steel storage tanks, focusing on API 12F and API 650 compliant designs, serving industries such as oil and gas, chemical processing, and water storage. Rhodes Manufacturing was founded in 1977 and is headquartered in Somerset, US. The company designs and produces above-ground steel storage tanks, adapting its strategies to meet the needs of its clients. In March 2015, 3 Rivers Capital acquired Rhodes Manufacturing, and the financial terms of this deal were not disclosed.

The company has engaged in one significant deal to date, with no mention of specific changes in business operations or ownership structure. Rhodes Manufacturing specializes in the design and production of custom above-ground steel storage tanks, focusing primarily on API 12F and API 650 compliant products. The company addresses the needs of various industries, including oil and gas, chemical processing, and water storage, ensuring safety and reliability in storage applications. Their extensive service area includes states such as Ohio, West Virginia, Pennsylvania, Illinois, Indiana, Michigan, and Kentucky, with occasional projects in Texas.

Rhodes Manufacturing emphasizes on-time delivery and exceptional service, building a diverse portfolio of clients in the industrial and energy sectors. Rhodes Manufacturing generates revenue through direct sales of its custom steel storage solutions, primarily within a B2B framework. Contracts are established with industrial clients requiring tailored storage solutions, with pricing structured based on project specifications. Client agreements typically encompass comprehensive service packages, including design, fabrication, and installation.

Specific pricing details for flagship products, such as API 12F tanks, are not disclosed, though the company focuses on providing cost-effective solutions that meet the rigorous demands of its clientele. Rhodes Manufacturing is focused on expanding its product offerings and geographic reach. The company is actively designing new products tailored to the specific needs of its industrial clients, with planned launches in the near future. Additionally, Rhodes Manufacturing aims to expand into new markets, with targeted regions including further outreach into the southern US by 2025.

The funding from the most recent deal in March 2015 will support these initiatives, allowing the company to enhance its production capabilities and invest in new technologies.