Southeastern Tank, Inc. Market Research Report

Background

Company Overview

Southeastern Tank, Inc., established in 1985, is a privately held company headquartered in Lebanon, Tennessee. With over 40 years of experience, the company specializes in providing comprehensive liquid storage solutions, including the construction, inspection, and repair of various types of tanks. Their primary focus is on water quality management, serving utility districts, municipalities, and water authorities across the Southeastern United States.

Mission and Vision

Southeastern Tank, Inc. is committed to delivering durable and cost-effective liquid storage solutions that ensure a reliable water supply. Their mission emphasizes quality, safety, attention to detail, and exceptional service, aiming to meet the specific needs of their clients efficiently and effectively.

Industry Significance

Operating in the construction industry, Southeastern Tank, Inc. plays a crucial role in the infrastructure of water storage and management. Their expertise in building, inspecting, and repairing tanks contributes significantly to the maintenance and enhancement of water systems, ensuring compliance with safety and environmental standards.

Key Strategic Focus

Core Objectives

The company's strategic focus includes:

• Turnkey Construction: Providing comprehensive solutions from design to installation, ensuring seamless project execution.

• Quality Assurance: Delivering high-quality, durable, and cost-effective liquid storage tanks.

• Customer-Centric Approach: Tailoring solutions to meet the specific needs of utility districts, municipalities, and water authorities.

Areas of Specialization

Southeastern Tank, Inc. specializes in:

• Aquastore Glass-Fused-to-Steel Tanks: Preferred for potable water storage due to their longevity and low maintenance requirements.

• HydroTec Powder Coated, Galvanized & Stainless Steel Tanks: Engineered for various applications, including water, wastewater, and industrial liquids.

• CST Covers: Providing protective covers for tanks, enhancing their durability and performance.

Key Technologies Utilized

The company employs advanced technologies in their operations, including:

• Total Dynamic Storage: A solution that optimizes water flow and storage to meet changing daily demands and maintain constant water pressure.

• Drone-Powered Pressure Washing: Utilizing drone technology for safer and more efficient cleaning of tanks at heights.

Primary Markets Targeted

Southeastern Tank, Inc. primarily serves:

• Municipal Water and Wastewater Systems: Ensuring reliable water storage and treatment facilities.

• Industrial Water and Wastewater Applications: Providing storage solutions for various industrial processes.

• Fire Protection Systems: Supplying tanks for fire suppression needs.

• Landfill Leachate and Specialty Markets: Addressing unique storage requirements for environmental compliance.

Financials and Funding

Funding History

As a privately held company, Southeastern Tank, Inc. has not publicly disclosed detailed funding history or recent funding rounds. The company operates with a focus on self-sustainability and has maintained steady growth over the years.

Financial Performance

While specific revenue figures are not publicly disclosed, Southeastern Tank, Inc. is recognized as a significant player in the liquid storage solutions market within the Southeastern United States. Their extensive experience and portfolio of nearly 500 tank installations underscore their financial stability and industry presence.

Pipeline Development

Key Projects and Installations

Southeastern Tank, Inc. has successfully completed nearly 500 tank installations across various applications, including:

• Potable Water Storage: Ensuring safe and reliable drinking water supply.

• Wastewater Treatment: Facilitating effective treatment and disposal of wastewater.

• Industrial Liquid Storage: Providing storage solutions for various industrial processes.

• Fire Protection: Supplying tanks for fire suppression systems.

• Landfill Leachate Containment: Addressing environmental compliance and safety.

Future Milestones

The company continues to expand its reach and capabilities, focusing on:

• Geographical Expansion: Extending services to additional states within the Southeastern region.

• Technological Advancements: Integrating new technologies to enhance service efficiency and safety.

• Sustainability Initiatives: Implementing eco-friendly practices in construction and maintenance.

Technological Platform and Innovation

Proprietary Technologies

Southeastern Tank, Inc. utilizes proprietary technologies such as:

• Total Dynamic Storage: A system designed to optimize water flow and storage, adapting to daily demand fluctuations and maintaining consistent water pressure.

Significant Scientific Methods

The company employs advanced methodologies, including:

• Drone-Powered Pressure Washing: Utilizing drone technology for efficient and safe cleaning of tanks at elevated heights.

• Water Quality Management: Implementing systems like GridBee® for continuous mixing and aeration to control trihalomethanes (THMs) and ensure water quality.

Leadership Team

Executive Profiles

• Dustin Dowdy: Chief Executive Officer. With extensive experience in the industry, Dustin has been instrumental in leading the company's growth and strategic direction.

• Lisa Porter: Division Manager at Solutions by SET. Lisa oversees the company's service division, ensuring high-quality service delivery to clients.

• Shelly Farmer: Director, President, Principal, Treasurer. Shelly plays a pivotal role in the company's financial management and strategic planning.

• Marc Nichols: Director of Sales. Marc is responsible for driving sales strategies and expanding the company's market presence.

• Jason McGee: Business Development Director. Jason focuses on identifying new business opportunities and fostering strategic partnerships.

• Nicole B. D.: Human Resources Director. Nicole manages the company's human resources functions, ensuring a productive and compliant workforce.

Leadership Changes

As of the latest available information, there have been no significant changes or appointments within the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The liquid storage solutions market in the Southeastern United States is characterized by a demand for reliable and efficient water storage and treatment facilities. Key trends include:

• Technological Integration: Adoption of advanced technologies for monitoring and maintenance.

• Sustainability Focus: Emphasis on eco-friendly practices and compliance with environmental regulations.

• Regional Expansion: Growth opportunities in underserved areas within the region.

Competitor Analysis

Southeastern Tank, Inc. faces competition from various regional and national companies offering similar services. Key competitors include:

• Caldwell Tanks: A leading tank manufacturer with a global presence, specializing in industrial storage tanks and elevated storage solutions.

• Caldwell Tanks: A large privately held company that designs, fabricates, and builds tanks for the water, wastewater, grain, coal, and energy industries.

Strategic Collaborations and Partnerships

Southeastern Tank, Inc. has established strategic partnerships to enhance its service offerings:

• CST Storage: As an authorized distributor, the company offers CST's Aquastore and HydroTec tanks, expanding its product portfolio.

• Federal Screen Products Inc.: Collaboration on the Archer Underdrain System, integrating wedge wire technology for improved filtration performance.

Operational Insights

Southeastern Tank, Inc. differentiates itself through:

• Comprehensive Service: Offering end-to-end solutions from design to maintenance.

• Technological Innovation: Implementing advanced technologies like drone-powered pressure washing and real-time monitoring systems.

• Customer-Centric Approach: Tailoring solutions to meet the unique needs of each client, ensuring satisfaction and long-term partnerships.

Strategic Opportunities and Future Directions

Strategic Roadmap

The company's strategic roadmap includes:

• Geographical Expansion: