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.