Rocky Mount, NC October 28, 2013
TransTech’s experience with high pressure gas/liquids storage and handling has positioned it to be a valuable partner for the energy industry as it builds capacity for increased production of NGL’s and related LPG from rapidly expanding shale gas plays.
Bridge Industries, LLC, a holding company focused on the growing opportunities in the energy sector, has invested aggressively in companies supplying engineered systems for production of oil and gas.
Bridge will provide new capital and strategic support to help TransTech rapidly expand capabilities and product offerings to meet with growing LPG and NGL storage market demand.
Said Britt Medley, president of TransTech, “We are excited about the opportunity to partner with Bridge Industries to expedite our growth into fast-growing NGL markets, and expand our capabilities to support the increased demand in propane and butane terminals within our traditional customer base.”
Added Medley, “Bridge brings a track record of successful partnerships with companies like TransTech. We believe that their capital investment, strategic support, and energy market knowledge will help our long-term growth opportunities."
“The team at TransTech has done a tremendous job building their business and positioning the company to match new market demands”, said Jeff Berlin, president, Bridge. “Our alignment with TransTech’s vision was instrumental in forging our new relationship. The partnership with TransTech underscores our commitment to the energy sector and will enhance our market reach."
Bridge and TransTech plan to keep the headquarters in Rocky Mount, NC, while expanding products and services.
About TransTech Energy
TransTech Energy, founded in 1998 by Britt Medley, designs, builds, installs and services specialized storage systems for LPG (liquefied petroleum gas) and NGL (natural gas liquids). With years of experience in the propane industry, TransTech has expanded its product offering and market reach to support the increased infrastructure needs in the NGL industry. For more about TransTech Energy visithttp://www.transtechenergy.com
About Bridge Industries, LLC
Founded by Jeff Berlin, in 2003, Bridge Industries, LLC is a holding company based in Chagrin Falls, OH. Bridge invests along with operating management teams to help successful manufacturers of engineered products expand into new markets and execute strategic growth plans. Over the last several years, Bridge has focused on the growing opportunities in the energy sector with investments in companies supplying engineered systems for production of oil and gas. For more about Bridge Industries visit http://www.bridgeind.com
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