Fort Worth-based water storage solutions provider Landmark Structures has been acquired by New York-based Cerberus alternative investing firm Capital Management LP.
Chris Lamon
Chris Lamon will continue leading Landmark as president and CEO alongside the existing management team, which has retained a minority stake.
Terms of the deal were not disclosed.
“For half a century, our relentless commitment to innovation and execution has established Landmark as a leader in water storage solutions,” Lamon said in a statement. “The opportunity to take the next step in our journey alongside a premier and operationally focused investor like Cerberus is a testament to the contributions of our team, the strength of our business, and the immense growth avenues ahead,”
“We look forward to working with Cerberus to build upon our long track record of helping communities across North America ensure the safety, longevity, and reliability of their critical water storage infrastructure,” Lamon added.
Founded in 1974, Landmark provides specialized and integrated engineering, construction, installation, and maintenance services for water and industrial storage tank projects.
It has a proven track record for operational excellence, safety, and innovative execution, the company said, and has operations across the U.S. and Canada. It has supported clients in safely storing more than 1.2 billion gallons of water.
In partnership with Cerberus, Landmark said it plans to further invest in the expansion of its capabilities and services while continuing to deliver an unmatched customer experience.
“Landmark is an exceptional business with a rich history as a foundational player and trusted partner in the North American water storage infrastructure industry,” Patrick Moriarty, managing director at Cerberus, said in a statement. “We’re confident that the company is well-positioned to capitalize on significant opportunities amid strong and growing demand for water storage infrastructure solutions. We’re excited to partner with Chris and the team to support the company’s continued growth in this next chapter.”
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