#United States #Hughes Tank Company #MAG Capital Partners #Manufacturing Expansion #Venus

MAG Capital Partners and Hughes Tank Company Unveil New Facility

MAG Capital Partners, LLC has recently announced the successful expansion of Hughes Tank Company's manufacturing facility, located in Venus, Texas. This expansion greatly enhances the company's manufacturing and painting capabilities, providing a significant boost to their operations.

A New Milestone in Manufacturing

The newly constructed facility spans an impressive 48,000 square feet, bringing the total space of the Hughes Tank's operational area to 140,110 square feet. The expansion is situated at 2900-3000 FM 157, and it positions Hughes Tank to meet growing demand and broaden its product line, catering to diverse industries, including petroleum, agriculture, and manufacturing.

Dax T.S. Mitchell, principal at MAG Capital Partners, shared insights into the acquisition and expansion decision, emphasizing the strong reputation and growth potential of Hughes Tank. "Our choice to buy Hughes Tank was straightforward due to the company's stellar reputation and promising growth outlook. We wasted no time in moving forward with this expansion plan right after the acquisition was finalized," said Mitchell.

Enhanced Capability and Technology

The newly expanded facility enhances Hughes Tank's manufacturing capabilities significantly. The company produces UL-certified fuel tanks for above-ground and underground storage, conforming to the highest industry standards. The various tank products include single-wall and double-wall options such as UL 142, ACT-100-U, Fireguard®, and Flameshield® tanks. These products serve critical needs across various sectors, including data centers that require backup power solutions.

Randy Gonzalez, the CEO of Hughes Tank Company, discusses the investment made in this expansion, stating, "We have committed considerable capital to augment our manufacturing prowess while ensuring premier product quality and outstanding durability. With these new resources, we are poised to deliver more tanks in shorter timeframes, fulfilling our client needs more efficiently."

As part of the modernization efforts, the new facility incorporates proprietary welding technology which is optimized for speed and precision, ensuring quality craftsmanship. Additionally, automated cutting tables have been introduced to minimize waste, aligning with Hughes Tank's sustainability initiatives.

Commitment to Innovation and Community

Hughes Tank's commitment to innovation is evident in its constant pursuit of higher standards and sustainable practices. Bobby Hughes, co-founder of the company, highlights their ongoing improvements stating, "Hughes Tank never ceases to innovate or strive for excellence. We adopt pioneering advancements in storage tank manufacturing to keep pace with industry needs."

The company has recently made significant contributions to hurricane relief efforts, shipping over 100 tanks in various capacities—ranging from 500 to 4,000 gallons—to Florida and the Carolinas following Hurricanes Helene and Milton.

About Hughes Tank Company

Founded in 1989, Hughes Tank Company began its journey creating hand-welded small tanks for local farms. Over the years, it has evolved into a sophisticated facility that manufactures both above- and below-ground storage tanks tailored for the agriculture, chemical, petroleum, manufacturing, and data storage sectors.

About MAG Capital Partners

MAG Capital Partners is known for its investments in U.S.-based operational entities and net-leased industrial properties across the country. This recent collaboration with Hughes Tank underscores their strategy of aligning with firms that demonstrate robust growth potential and community impact.

The completion of this expansion marks an exciting chapter for both MAG Capital Partners and Hughes Tank Company as they work together to deepen their footprint in the manufacturing sector, innovating while prioritizing quality and safety.