Expansion and Facilities Phillips Tank & Structure recently invested $2.76 million to expand their manufacturing capabilities with a new fabrication shop in Kentucky, demonstrating ongoing growth and a capacity boost that presents opportunities for clients needing large-scale tank fabrication and structural projects.

Workforce Growth The company increased its workforce by 20 employees in September 2023, indicating a ramp-up in operational capacity which suggests readiness to handle larger and more complex projects, appealing to clients seeking reliable, experienced contractors.

Industry Focus Specializing in above-ground storage tanks and related steel and aluminum structures, Phillips Tank & Structure services clients in the oil and gas industry, offering expertise in API and AWWA standards, ideal for companies seeking compliant and high-quality storage solutions.

Strong Market Position With annual revenues estimated between $50 million and $100 million and a workforce of up to 200 employees, the company is positioned as a competitive player within the tank construction sector, offering stable partnership opportunities for large-scale projects.

Compliance and Certifications As a licensed, bonded, insured, and certified ‘Vessel Contractor’ with memberships in ISNetworld and PEC Safety, Phillips Tank & Structure can confidently pursue projects across multiple states, presenting a reliable option for clients seeking compliant and safety-certified contractors.