Garsite Progress LLC, an entity formed by AFI Partners, is pleased to announce the acquisition of Garsite and Progress Tank, U.S.-based manufacturers of aviation refueling and liquid waste transportation equipment.
E.J. Antonio, Managing Partner of AFI Partners, said, “Garsite and Progress have a combined history of 160 years of experience as the industry leaders in both aviation refueling and liquid waste equipment manufacturing. This partnership marks a significant opportunity for Garsite and Progress to focus and accelerate on core competencies, including customer service, quality and an increased distribution platform.”
For the last 67 years, Garsite aircraft refuelers, hydrant dispensers, and fueling equipment have been the brand of choice by major in-to-plane fueling companies, oil companies, airlines, freight distribution companies, and fuel marketers around the globe. Garsite refuelers are in-service every day at nearly every major U.S. airport and in over 80 countries on 6 continents. Additionally, Garsite is proud to provide all U.S. military branches through both GSA and DLA HEPP contracts.
Garsite manufactures several models of aircraft refuelers, ranging in size from 750 gallons (2,800 liters) to 15,000 gallons (57,000 liters), and hydrant dispensers with flow rates up to 1200 GPM / 4,500 LPM.
About Progress Tank
Since 1922, Progress Tank has been a leading manufacturer of truck-mounted tanks used in the refined fuel, heating oil, propane and liquid waste industries. Progress Tank offers both national distribution, service and support of its core product line through some of the largest chassis dealers in the country, including Rush Truck Centers, Truck Country and M&K. Progress Tank brand tanks and service units are produced by Wabash National Corporation, North America’s largest manufacturer of semi-trailers and liquid transportation systems.
About AFI Partners
Our team seeks to invest in US-based middle and lower-middle market businesses that are primarily concentrated in the Midwest. We target companies that are engaged in manufacturing, basic industry, transportation, service, and distribution, all industry areas in which our professionals have had significant operational and investment experience.
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