HMT

HMT

Designs, builds, maintains aboveground storage tanks

Overview

HMT designs, builds, maintains, inspects, and repairs aboveground storage tanks for the energy industry, and offers internal and external floating roofs, floating roof seals, and aluminum domes. These products and services improve usable tank capacity, reduce residual product, enhance safety, extend tank life, and lower emissions and maintenance costs. The company differentiates itself through global execution, hands-on engineering, and a value-added mix of equipment plus ongoing maintenance and services that meet strict safety standards. Its goal is to help customers operate safer, longer-lasting tanks with better cost efficiency.

About HMT

Simplify's Rating
Why HMT is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consulting

Hardware

Industrial & Manufacturing

Energy

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

The Woodlands, Texas

Founded

1978

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for NDT and drone inspections drives higher-margin service revenue growth.
  • Geodesic aluminum domes and floating roofs gain adoption for emission reduction compliance.
  • Turnkey API 650 construction addresses energy infrastructure expansion in Continental US and Caribbean.

What critics are saying

  • Energy sector capex downturn during commodity collapses directly contracts HMT's upgrade and maintenance revenue.
  • EPA fugitive emissions regulations may mandate retrofits faster than HMT scales manufacturing capacity.
  • Terminal operator consolidation concentrates customer base, increasing negotiating leverage against HMT pricing.

What makes HMT unique

  • Pioneer in API 653 inspection services since early 1990s with unmatched industry expertise.
  • Integrated full-service model combining products, inspections, field services, and engineering design.
  • Weld Spec acquisition adds drone testing and non-destructive testing capabilities for competitive moat.

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Benefits

Health Insurance

401(k) Retirement Plan

Remote Work Options

Paid Vacation

Paid Holidays

Flexible Work Hours

Hybrid Work Options

Family Planning Benefits

Fertility Treatment Support

Wellness Program

Mental Health Support

Conference Attendance Budget

Professional Development Budget

Donation to Training Programs

Stock Options

Company Equity

DOT OQ qualified

Professional Certification Support

Training Programs

Welding Certifications

Flight/Travel related mentions not applicable

Phone/Internet Stipend

Home Office Stipend

Parental Leave

Adoption Assistance

Childcare Support

Relocation Assistance

Employee Referral Bonus

Measuring/Progress Reports not a benefit

Meal Benefits not mentioned

Pet Insurance not mentioned

Sabbatical Leave not mentioned

Elder Care Support not mentioned

Tuition Reimbursement not mentioned

Company News

Yahoo Finance
Apr 26th, 2023
Hmt Llc Names Allie Alderson Director Of Sustainability

Leader in Energy Storage and Oil and Gas Environmental Solutions Advances ESG CommitmentHOUSTON, April 26, 2023 /PRNewswire/ -- HMT LLC, the global leader in above-ground storage tank solutions and a key resource for the oil and gas industry for emissions reduction and environmental solutions, has named Allie Alderson as Director of Sustainability, a new position.HMT LLC logo (PRNewsfoto/HMT LLC)Alderson, who has been at HMT for 13 years, most recently as General Manager of Domestic Product Sales, will direct HMT's ongoing and new sustainability programs, including those focused on the company's own operations and on how it serves customers and the industry overall. They include, but are not limited to, initiatives to make operations & manufacturing processes more energy efficient, educate on and reduce fugitive Scope 1 & Greenhouse Gas emissions of our customers, often by thousands of pounds per tank per year, and serve the communities in which the company operates."Given HMT's role providing critical, forward-thinking environmental solutions, the Director of Sustainability position requires a professional with a deep knowledge of and commitment to our business. The way we design, manufacture, and distribute products and services that mitigate the industry's environmental impact, making the storage of energy ever safer and more efficient, are the heart of this position. Allie Alderson is that person. In her successful tenure on the product and customer side, she has helped the industry understand and comply with regulations, educated on sustainability and environmentally focused legislation, and she has demonstrated clear leadership. Her impact on how we approach our own operations has been significant," said HMT CEO Veronique Trudeau.Said Alderson, "It's an honor to assume oversight of HMT's sustainability efforts and to work for a company that makes this a priority

PR Newswire
Mar 3rd, 2023
Hmt Llc Acquires Weld Spec, Inc.

Leader in Oil and Gas Storage Tank Solutions Expands Services and Capabilities with Acquisition of Leading Industrial Inspections ProviderHOUSTON and LUMBERTON, Texas, March 3, 2023 /PRNewswire/ -- HMT LLC, the global leader in above-ground storage tanks solutions and a key resource for oil and gas environmental solutions, has acquired Weld Spec, Inc., which provides inspection services to pipeline, refining, petrochemical, wind energy, manufacturing and other industries, both companies announced today.Weld Spec's services, which range from third-party inspection, non-destructive testing and mechanical and metallurgical lab testing to rope services and drone testing, will augment HMT's current sophisticated inspection offerings. Much like all of HMT's products and service offerings, Weld Spec's services can increase the safety, efficiency, and emissions reduction profiles of industrial operations."Not only do Weld Spec's services, expertise and capabilities complement HMT's, but the humanistic, employee-and integrity-focused cultures of the two companies are in sync. In our view, this is a one-plus-one-equals-three combination," said HMT Chief Executive Officer Veronique Trudeau. "It is exciting to be able to offer an expanded set of inspection capabilities to our terminal owner-operator customers, and for the Weld Spec team to be able to offer our comprehensive tank solutions to their customers.""We are very excited to be joining the HMT team," said Weld Spec CEO Rick Hardy. "The secret to our success has been our employees, so we are thrilled that the HMT culture mirrors ours and that our people will continue to benefit and thrive. We also look forward to being able to provide a full-service approach to our customers with inspection and repair services."Said John Hazel, HMT Vice President of Inspection, "The acquisition of Weld Spec will bring a complimentary offering to provide additional quality services to our combined existing customers and continue our long-lasting customer relationships

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