TNT Crane & Rigging, Inc. ("TNT" or the "Company") has purchased the crane operations of Turner Bros. LLC ("Turner"). TNT has acquired the stock of Turner with the trucking and pipe service businesses having been transferred to the former Turner owners via a spin out. Turner has 60 cranes and branches in Houston, Longview, Beaumont, Abilene and Corpus Christi.
TNT now has over 230 cranes servicing the Gulf Coast from eleven branches spanning Texas, Louisiana and Oklahoma. This includes full service capabilities ranging from a complete portfolio of rigging capabilities, crawlers, boom trucks and on up to the LTM 11200 (1350 ton crane).
The acquisition is TNT's largest to date and will be a strong positive for the customers, the combined employee groups and the industry overall. Customers will be better served from a larger and stronger company as well as the combining of assets and resource utilization. Employees will have more opportunities in the combined group.
Michael Appling Jr., President and CEO of TNT stated, "The acquisition of Turner shows our commitment to be a leader in the industry. It places TNT in a stronger and more competitive position. We will enjoy both industry and geographic diversity through our three new branches in Beaumont, Longview and Abilene. Turner is a leader in the attractive wind maintenance and services business. We welcome the Turner employees to the TNT family and we look forward to working with them as we continue to grow our company."
David Cowley, EVP of Turner will become an EVP and a member of the executive management team at TNT. David commented about the transaction, "All Turner employees are excited about this transaction. This will expand the geographic footprint for TNT. With the combined equipment, we can service our vast range of customers over a broader area. This transaction is a benefit for all markets with the combination of knowledge from safety, to skilled workers, to management. We appreciate the welcome of the Turner employees to the TNT family."