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TNT Crane & Rigging
Press Room

July 14, 2014

TNT  Crane & Rigging, Inc. Announces the Acquisition of Rent-A-Crane, Inc.

STRENGTHENS  POSITION IN FAST GROWING MID-CONTINENT REGION

     HOUSTON,  TX - TNT Crane & Rigging, Inc. is pleased to announce that it has purchased  the assets of Rent-A-Crane, Inc., an Oklahoma City based provider of crane lifting  services to the energy industry in Oklahoma and the Texas Panhandle. This  acquisition strengthens TNT’s geographic footprint in the Mid-Continent region  and offers significant growth potential for the combined operations. Terms of  the transaction were not disclosed.

Rent-A-Crane’s and  TNT’s shared experience and focus on energy and energy-related end-markets is a  complementary and powerful strategic fit and will enable TNT to capitalize on new  opportunities and expand its presence in the region. Customers will benefit  from the sum of expanded service, manpower and resources available through this acquisition.  

Gary  Rohlmeier, CEO of Rent-A-Crane commented, “The Rent-A-Crane team is very  excited about this transaction. This combination will provide our customers a  large and diversified offering of lifting and rigging services and enable our  employees to share in the continued successful growth of the business.”

Michael  Appling Jr., CEO of TNT stated, "The acquisition of Rent-A-Crane bolsters  TNT’s existing footprint through additional contiguous geography and supports  further penetration into the Mid-Continent energy market. Rent-A-Crane’s 30-year  history in the region, coupled with TNT’s capabilities will provide significant  growth opportunities and enhanced service for our combined customer base going forward. We are very excited to be working with all of the Rent-A-Crane  employees and continue to grow the fine company Gary and his family have worked  hard to build.”

Kregg Lunsford said, “We are extremely excited about  the growth opportunities that Rent-A-Crane brings to TNT. Not only is the  company strong in the oilfield but they have a robust customer base in the infrastructure, power and commercial markets that we serve across all of our  branches in the South and Southeast United States.  Even more importantly, Rent-A-Crane brings a solid  group of experienced and talented managers and operators that will lead our  expansion in this rapidly growing market.   In this business the people are the most important asset and we are  certainly getting some of the best in the business with this acquisition.”

Founded in 1985, TNT Crane &  Rigging, Inc. is one of the largest crane service providers in North America  utilizing hydraulic truck, all terrain and crawler cranes with lifting capacity  up to 1300 tons, plus a comprehensive inventory of gantry jacks, forklifts, rigging equipment, and tractor/trailers.   The company has over 1,100 employees working in its strategically  positioned 24 branch network. TNT delivers  lifting solutions safely and efficiently to customers across diverse industries  including oil & gas, refining, petrochemical, power and commercial end  markets.