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September 2020 SPARKS & REMARKS

May 2020 Sparks & Remarks

Tampa Tank-Florida Structural Steel Appoints New President

TAMPA, Florida (May 5, 2020) –Tampa Tank Inc.-Florida Structural Steel (TTI-FSS) today welcomed Corey Yraguen as the company’s new president. Yraguen will report to TTI-FSS CEO David Hale.

TAMPA TANK-FLORIDA STRUCTURAL STEEL & PRECISION TANK TO COMBINE BUSINESS OPERATIONS

TAMPA, Florida and SPRINGFIELD, Illinois (May 4, 2020) –Tampa Tank Inc.-Florida Structural Steel (TTI-FSS) and Precision Tank, Inc. have agreed to combine their business operations. The combination of the private companies will commence immediately with full integration expected over the next 24 months.

During the integration period, the existing operating companies will continue to work as independent brands, endorsed by the combined company name. The combined company will be called Precision Build Companies, LLC, headquartered in Tampa, FL.

David Hale, CEO of TTI-FSS, and David Hemming, president of Precision Tank, will lead the integration of the combined companies. Each will continue to run his historical business units during the integration period.

“We’ve been looking at this combination for a long time. And the more we looked, the more it made sense,” said Hale. “Our corporate cultures are both safety focused with customer-first attitude, and we bring incredible depth that can be shared across our business units.”

The combined company will provide storage, structural steel and service solutions for domestic and international markets. Precision Tank offers piping and mild and stainless steel, fiberglass and field-erected tanks, focusing on agriculture and industrial markets. Tampa Tank fabricates and installs large API/ASME, field-erected steel storage tanks. Florida Structural Steel builds and installs complex, custom structural steel projects such as bridges, cruise terminals, and even large barge shipped steel modules for a wide range of industries. All of the companies create projects to exacting, precise specifications and tolerances.

During the integration period, employees will remain in their current operating companies. Some corporate support services will be combined. No lay-offs are expected as a result of the business combination.

“It’s not every day that you can bring two leaders together. For years, we’ve been setting the standard in steel and fiberglass tanks particularly for the agriculture sector. Likewise, Tampa Tank has been creating these massive projects from field erected tanks to bridges to giant structural projects,” said Hemming. “This is a combination that makes sense for both companies.”

The combination was approved unanimously by the boards of both companies.

“Since the very earliest days of Tampa Tank, we’ve worked hard to create and maintain a company that delights its customers and values its employees. I’m proud to say that we’ve done that,” said Cal Reed, founder and chairman of TTI-FSS. “I see this as the next step in our evolution. Going forward, we’ll have more solutions to offer our customers and an even bigger, more capable team. Let’s get to work!”

The combined organization will be governed by a six-person board of managers, comprised of executives and owners from the existing Precision Tank and TTI-FSS. Rick Brandt, CEO of BRANDT, Inc. and a Precision Tank shareholder, has been named chairman of the board.

“We are excited about this combination,” said Brandt. “With the resources of the combined company, we will be better able to serve our customers with a more diversified business.”

More news will be available as the integration progresses.

December 2019 Sparks & Remarks

October 2019 Sparks & Remarks

Tampa Tank – Florida Structural Steel Named A 2019 Florida Sterling Manufacturing Business Excellence Award Winner

TAMPA, FL. JUNE 21, 2019— Tampa Tank–Florida Structural Steel (TTI-FSS) was among six Florida manufacturers awarded the 2019 Florida Sterling Manufacturing Business Excellence Award by Governor Ron DeSantis at the Governor’s Sterling Awards Banquet in Orlando on May 31, 2019. Recognizing high performing manufacturers in six categories, companies were judged on leadership, strategy, customer and market focus, measurement, analysis and knowledge management, workforce, and operations.

TTI-FSS has been in the steel industry for more than 60 years with corporate offices and plants located at Port Tampa Bay. The company specializes in the fabrication of structural steel products for bridges, heavy highway and other large, modular heavy plate steel industrial and commercial applications, as well as the design and custom assembly of industrial storage tanks manufactured to all applicable ASME Boiler and Pressure Vessel Codes.

Operating across North America, Central and South America, and in the Caribbean, TTI- FSS is a primary contractor for companies in the petroleum, chemical, pulp and paper, mining, electric power, water and wastewater industries, and is capable of shipping every possible option, including massive and complex steel structures, from its deep-water port.

TTI-FSS President and CEO, David Hale, attributes the achievement of this honor to the three-legged stool adage he discusses frequently with his teams, and the company’s trilateral philosophy of core values, teamwork, and continual self-improvement.

For more information, please contact Kevin Sigl (ksigl@tti-fss.com) or Federico Rivas (frivas@tampatank.com), or call TTI-FSS at 813-241-4261.

July 2019 Sparks & Remarks

April 2019 Sparks & Remarks

December 2018 Sparks & Remarks