December 22, 2008
TNT Crane & Rigging Acquires Americrane LLC
TNT Crane & Rigging (“TNT” or the “Company”) has purchased the assets of Americrane LLC (“Americrane”). TNT is a privately held full service crane and rigging operator based in Houston, Texas. Terms of the acquisition were not disclosed.
Based in the Dallas/Ft. Worth area, Americrane offers full service crane and rigging solutions. This strategic acquisition provided a compelling opportunity to expand geographically and acquire a modern fleet of cranes with an experienced team of operators. Kenny Emigh, former owner of Americrane, will remain with TNT. Americrane’s strengths in the oilfield service markets of the Barnett Shale and commercial markets of Dallas/Ft. Worth are complimentary and strategic to the TNT portfolio.
The combined company will have 94 cranes servicing Texas and Louisiana from branches located in Houston, Corpus Christi, San Antonio, Edinburg, Cleburne and Lake Charles, Louisiana. TNT is one of the largest crane service providers in Texas. This includes full service capabilities ranging from boom trucks to 800 tons and a complete portfolio of rigging capabilities.
Michael Appling Jr., President and CEO of TNT stated, “The acquisition of Americrane is a strong strategic fit for TNT and expands our geographical coverage into North Central Texas. There is a good balance of commercial, industrial/power and energy related work in this market. We look forward to working with Kenny Emigh and the entire Americrane team as we continue to service our customers with world class safety and experience.”
Kenny Emigh, former CEO of AmeriCrane stated, “We are extremely excited about the opportunities that this merger with TNT provides to our Employees and Customers in North Texas”.