Los Angeles, CA

Palm Tree LLC is pleased to announce that its wholly-owned subsidiary and registered broker-dealer, Palm Tree Securities LLC, served as the exclusive financial advisor to CST Industries, a portfolio company of Solace Capital Partners, in securing a $30 million revolving credit facility from Siena Lending Group.

CST Industries is the leading global manufacturer of factory coated metal storage tanks and silos, aluminum domes, and specialty covers. Established in 1893, CST Industries provides highly engineered, best-in-class, and customized storage solutions to a variety of end markets that require the storage of water, wastewater, petrochemicals, industrial liquids, dry bulk products, agricultural materials, and more.

With a global footprint of more than 380,000 tanks and 20,000 covers across more than 125 countries, CST has the world’s largest installed base of steel storage tanks, aluminum domes, and specialty covers worldwide. The Company is headquartered in Kansas City, Missouri, and operates six manufacturing facilities globally, including four facilities in the United States, one in the United Kingdom, and one in .

“The entire Palm Tree organization was diligent and committed to our business needs and delivered a successful outcome,” said Jeff Mueller, CEO of CST Industries. “From the outset and through the entire process, Palm Tree provided us with unwavering support.”

“Palm Tree is a value-added extension of our team,” said Chris Brothers, Managing Partner of Solace Capital Partners. “The debt advisory practice at Palm Tree delivered a great result for CST, and we look forward to building upon our new lending relationship with Siena Lending Group.”