M&A Deal Summary

Sterling Crane Acquires ENTREC - Crane Business

On December 12, 2019, Sterling Crane acquired machinery company ENTREC - Crane Business from ENTREC for 21M USD

Acquisition Highlights
  • This is Sterling Crane’s 1st transaction in the Machinery sector.
  • This is Sterling Crane’s largest (disclosed) transaction.
  • This is Sterling Crane’s 1st transaction in Canada.
  • This is Sterling Crane’s 1st transaction in Alberta.

M&A Deal Summary
Date 2019-12-12
Target ENTREC - Crane Business
Sector Machinery
Buyer(s) Sterling Crane
Sellers(s) ENTREC
Deal Type Divestiture
Deal Value 21M USD

Target

ENTREC - Crane Business

Alberta, Canada
ENTREC's Crane Business provides a full spectrum of crane and heavy haul transportation services.

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Buyer(S) 1

Buyer

Sterling Crane

Edmonton, Alberta, Canada

website

Category Company
Founded 1954
Sector Machinery
DESCRIPTION

Sterling Crane is a crane rental supply company. Sterling offers heavy lift equipment and expertise offer a safe, competitive advantage to heavy lift projects throughout North America and Australia. Sterling Crane was established in 1954 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ENTREC

Acheson, Alberta, Canada

website

Category Company
Founded 1995
Sector Transportation
Employees500
Revenue 180M CAD (2019)
DESCRIPTION

ENTREC delivers safe, exceptional, innovative crane and specialized transportation solutions. Company routinely work with over-weight and over-size cargo within the oilsands, Liquefied Natural Gas (“LNG”), conventional oil and gas, mining, petrochemical, pulp and paper, infrastructure, refining, and power generation industries. ENTREC was founded in 1995 and is based in Acheson, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 HighMark Crane

Edmonton, Alberta, Canada

HighMark specializes in providing crane rental and operator services and industrial equipment transportation services to customers in the power transmission, mining, and commercial construction industries across Canada. The company possesses a modern equipment fleet that includes nine boom trucks specifically designed to service the power transmission industry as well as several cranes, trucks, trailers and other support equipment

Buy $6M
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