First Reserve's TNT Crane & Rigging to buy two Canadian companies
TNT Crane & Rigging Inc has agreed to buy the assets of Stampede Crane & Rigging and Eagle West Truck & Crane for an undisclosed amount. Stampede Crane & Rigging, a provider of crane rentals and rigging services, is based in Brooks, Alberta, while Eagle West Truck & Crane, a provider of mobile crane and tower crane rentals, services and operations, is based in Abbotsford, British Columbia. The deal, which is expected to close in September, will serve as a platform for TNT's future Canadian growth, the Houston, Texas-based company said. U.S. private equity firm First Reserve Corp bought TNT from Odyssey Investment Partners in 2013.
5 August 2014•3 mins read
