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Minnick Services builds precast portfolio through Norwalk Tank

Sources: Generational Equity, Dallas; CP staff

A merger and acquisition specialist serving privately held businesses, Generational Equity has announced the sale of its client, Norwalk Tank Co., to Minnick Services Corp. of Fort Wayne, Ind. Joliet, Ill.-based Norwalk specializes in underground precast structures for drainage and sewer infrastructure. Its plant capacity and output augment Minnick Services’ concrete division, which produces conventional manholes; licensed Redi-Rock retaining wall and Pole Base utility lighting component brands; plus, Wilbert and Triguard burial vaults tied to a sister funeral services division. 

The deal “brings together two great family-owned and run companies,” says Generational Equity’s Stephen Dinehart. “Minnick Services ensures continuity in the great customer service Norwalk has always provided to its market, and creates new opportunities for their new team members to continue professional growth.”