Natgun Corp. of Wakefield, Mass., and DYK Inc. of El Cajon, Calif., jointly announced the merger of their companies on Jan. 4, and the formation of their new parent company, DN Tanks Inc. Both companies specialize in the design and construction of prestressed concrete storage tanks used for potable water, wastewater, chilled water and other liquids. The merger of the two companies, with more than 130 years of combined experience, creates the largest producer of wire and strand-wound prestressed concrete tanks in the world.
Initially, Natgun and DYK will operate under their existing names as divisions of DN Tanks. As the integration process takes place, they will evolve into a single operating company. A four-member board of directors, comprising Charles Crowley, William Hendrickson, William Crowley and David Gourley, will lead DN Tanks. Charles Crowley and William Hendrickson will serve as co-CEOs.
Both DYK and Natgun design and construct prestressed concrete tanks in accordance with American Water Works Assn. Standard D110. Each company brings specialized skills to meet varying project requirements. According to the companies, the merger into DN Tanks results in expanded construction capacity, improved technical expertise and proficiency in multiple types of proven tank designs to provide customized liquid storage solutions for their customers.
“Our vision for the merger is to leverage the strengths of each company to become more efficient and to increase construction capacity. That results in expanded opportunity for utilities and industries to enjoy the benefits of prestressed concrete tanks,” said DN Tanks Co-CEO Charles Crowley.
“The combination of DYK and Natgun into the newly-formed DN Tanks brings together two very strong organizations. With our combined resources, we will expand our ability to deliver the best product and service to our clients,” said Co-CEO William Hendrickson. “As a combined company, DN Tanks will excel in terms of solving problems, creating solutions and delivering well-managed, conservatively designed, safe projects on time and within budget.”
With operations centers in Massachusetts, Texas and California, as well as multiple regional offices, DN Tanks will serve clients nationally and internationally.
Source: Natgun Corp./DYK Inc.
