Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – November 3, 2026 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to Octagon Services, Incorporated, d/b/a Tanks Direct and d/b/a Shelters Direct (together, “Tanks Direct” or “the Company”), a value-added supplier, installer, and servicer of aboveground and underground fuel and water storage tanks and related systems, controls, pre-fabricated booths, and canopies, in its sale to OWL Services (“OWL”), a portfolio company of Trive Capital.
Headquartered in Laurel, Maryland, Tanks Direct has supplied, installed, and serviced tank systems for commercial, healthcare, government, and other end markets for more than three decades, and has become a leading provider to data centers and mission-critical infrastructure nationally. Shelters Direct complements the tank business with prefabricated shelters, equipment enclosures, and canopy solutions.
Tanks Direct’s President, Paul Robertson, stated, “I cannot thank CCA enough; and I am grateful for selecting them as my advisor. We would not be where we are today without their expertise and advice throughout the process. Their approach to the market was tailored in a way that allowed me to achieve an outcome that was best for not just me, but for the entire Tanks Direct team as well.”
Stuart Knott, Managing Director at CCA, commented, “We are grateful that Paul Robertson entrusted CCA to advise him and the Tanks Direct team through this sale process. The closing of this transaction is a great story of entrepreneurship, hard work, vision, and dedication. In addition, it is the start of a powerful combination, bringing tremendous resources to mission critical environments across the country. Our most heartfelt congratulations go to Paul Robertson, Joel Nicchitta, and Jeff Shultz for their success.”
In addition to Mr. Knott, CCA’s investment banking team on this transaction included Director Katie Kieran, Associate Matt Metzger, and Analyst Oliver Hogg. Offit Kurman served as legal counsel to Tanks Direct.
About Tanks Direct and Shelters Direct
Founded by Paul Robertson in 1993, Octagon Services, Incorporated, d/b/a Tanks Direct and d/b/a Shelters Direct, is a value-added supplier and installer of aboveground and underground fuel and water storage tanks. The Company provides turnkey tank system solutions for commercial, healthcare, government, data center and other mission-critical customers, including installation, custom fabrication of modular control packages, and service and maintenance. Shelters Direct complements the tank business with prefabricated shelters, equipment enclosures, and canopy solutions. To learn more, visit www.tanksdirect.com.
About OWL Services
OWL Services is a leading provider of integrated services to convenience stores, commercial fueling businesses, and critical infrastructure operators, including data centers. With 80+ years of experience, OWL delivers petroleum, fuel storage, electrical, construction, compliance, security technology, and EV infrastructure solutions. From underground infrastructure and forecourt construction to in-store services and emergency response, including fuel restoration, OWL’s team of experts, including 1,500+ skilled technicians, provides nationwide expertise and 24/7/365 support. To learn more, visit www.owlservices.com.
About Trive Capital
Trive Capital is a Dallas, Texas based private equity firm with more than $8 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. The Trive team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $10 billion in revenue across Trive’s targeted industry sectors and situations. To learn more, visit www.trivecapital.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies in the lower middle market. For more information, visit www.ccabalt.com or call 410.537.5988.