Terravest Industries Inc. (TVK)

Overview

TerraVest Industries Inc., initially known as TerraVest Capital Inc. until its name change in February 2018, began its journey in 2004. Based in Vegreville, Canada, this company stands as a multifaceted manufacturer and provider of goods and services tailored to several key industries including energy, agriculture, mining, transportation, and more. It has carved out its market presence predominantly within Canada and the United States. The operation of TerraVest Industries is segmented into four distinct areas: Home Heating and Cooling Products, Compressed Gas Storage and Distribution Equipment, Energy Processing Equipment, and Service, each catering to specific needs of their diverse client base.

Products and Services

• Home Heating and Cooling Products (HVAC Equipment):

  This segment is engaged in the manufacturing and distribution of commercial and residential refined fuel tanks, furnaces, boilers, air conditioning equipment, and controls. The clientele includes fuel distributors, and commercial and residential consumers, providing a comprehensive range of HVAC solutions to meet the heating and cooling needs of various spaces.

• Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment):

  Under this segment, TerraVest produces engineered products for the storage, distribution, and dispensing of compressed gases. This includes a range of gases such as liquid propane gas, natural gas liquids, liquified natural gas, anhydrous ammonia, carbon dioxide, and various other gases. Products include bulk storage vessels, transport trailers, delivery units, dispensers, as well as commercial and residential storage tanks. Target customers are gas distributors, fertilizer distributors, farmers, midstream energy companies, and transportation companies, addressing their specific storage and distribution needs for compressed gases.

• Energy Processing Equipment (Processing Equipment):

  This area focuses on the production and sale of a variety of equipment including wellhead processing equipment and tanks, desanding units, biogas production equipment, water treatment equipment, and other custom process equipment. Oil and gas producers, midstream and engineering companies, utilities, and municipalities benefit from these products, enhancing their energy processing capabilities.

• Service:

  The Service segment offers a broad palette of services encompassing water management, environmental services, heating, rentals, and well services. This segment underpins TerraVest's commitment to providing not only products but also holistic solutions and support to its clients across the diverse industries it serves.