Precision Build Acquires Tampa Steel Erecting Company
In a significant move within the steel fabrication and construction industry, Precision Build has acquired Tampa Steel Erecting Company, further solidifying its position in the market. Based in Tampa, Florida, TSEC has a legacy of over 75 years, specializing in the fabrication and erection of steel for complex structures, such as bridges, high-rise buildings, and monumental projects. The acquisition will enhance Precision Build's capabilities, allowing the company to offer an expanded range of services and bolster its leadership in fabricating complex steel structures.
Key Aspects of the Acquisition
1. About Tampa Steel Erecting Company: Founded in 1945 by Bob Clark and his family, TSEC is well-known for its expertise in building steel structures for iconic projects. The company is recognized for its role in fabricating and erecting steel for complex bridges, high-rise buildings, and major infrastructure projects. Notable projects include the structural steel for the 39-story One Tampa City Center, the pipe trusses for Airside F at Tampa International Airport, and 14,000 metric tons of steel for Tampa Electric’s Big Bend Power Station #4.
2. Strategic Importance of the Acquisition: For Precision Build, this acquisition marks a strategic step in expanding its portfolio and reinforcing its position in the steel industry. The addition of TSEC’s expertise in steel bridges, particularly tub girders, complements Precision Build’s existing capabilities and enhances its ability to serve both domestic and international markets. TSEC’s 33-acre facility, which includes over 220,000 sq. ft. of fabrication buildings, will immediately become part of Precision Build’s operations.
3. Strengthening Leadership and Expertise: Bob Clark, the current President of TSEC, will remain in his role to provide leadership and continuity within the company. His expertise and stewardship will ensure that TSEC’s legacy of high-quality steel fabrication continues under the Precision Build umbrella. This continuity is essential in maintaining the trust of existing clients and ensuring the seamless transition of operations.
4. Notable Projects by TSEC: TSEC has an impressive portfolio of complex steel projects, including:
o Fabrication and erection of steel for One Tampa City Center, a 39-story building.
o Pipe trusses for Airside F at Tampa International Airport.
o 14,000 metric tons of steel for the Big Bend Power Station #4.
o 1.4 miles of elevated people mover girders for the Omni Extension in Dade County, Florida.
o Fabrication of the Acosta Bridge approach ramps for the Florida Department of Transportation.
5. Expansion of Capabilities: The acquisition allows Precision Build to significantly increase its capacity and capability in the fabrication and erection of complex steel structures. TSEC’s experience and infrastructure will broaden Precision Build’s scope in delivering large-scale projects, including custom bridges and structural steel for various industries such as transportation, power, and infrastructure.
6. Shared Values and Future Growth: Both companies share a commitment to quality, schedule performance, and exceptional customer service. Bob Clark emphasized that although selling the family-owned business was a difficult decision, the acquisition provides TSEC with a better future and a secure home within Precision Build. Customers of TSEC can expect the same high level of service and quality that the company has always delivered.
7. Precision Build's Background: Precision Build was formed in 2020 through the combination of Tampa Tank Inc.-Florida Structural Steel and Precision Tank, Inc. The company specializes in providing storage, structural steel, and service solutions, both domestically and internationally. Precision Tank focuses on piping and mild and stainless steel, fiberglass, and field-erected tanks. Tampa Tank handles large steel storage tanks, while Florida Structural Steel specializes in custom steel projects, such as bridges and cruise terminals.
Key Takeaways:
• Precision Build has acquired Tampa Steel Erecting Company, a leader in complex steel fabrication.
• TSEC has been owned by Bob Clark and his family since its founding in 1945.
• TSEC’s notable projects include One Tampa City Center, Tampa Electric’s Big Bend Power Station #4, and the Acosta Bridge approach ramps.
• TSEC’s 33-acre site with over 220,000 sq. ft. of fabrication buildings will become part of Precision Build.
• Bob Clark will remain as TSEC President to provide leadership and continuity in operations.
• The acquisition expands Precision Build’s capabilities in steel bridges and complex structural steel projects.
• Precision Build’s acquisition of TSEC will allow it to serve more diverse industries, including transportation and power.
• Precision Build was formed in 2020 through the merger of Tampa Tank Inc.-Florida Structural Steel and Precision Tank, Inc.
• TSEC’s legacy of high-quality fabrication and customer service will continue under the Precision Build brand.
