M&A Deal Summary

TNT Crane & Rigging Acquires Turner Bros. - Crane Operations

On July 9, 2012, TNT Crane & Rigging acquired retailer Turner Bros. - Crane Operations from Turner Bros.

Acquisition Highlights
  • This is TNT Crane & Rigging’s 1st transaction in the Retail sector.
  • This is TNT Crane & Rigging’s 4th transaction in the United States.
  • This is TNT Crane & Rigging’s 2nd transaction in Oklahoma.

M&A Deal Summary
Date 2012-07-09
Target Turner Bros. - Crane Operations
Sector Retail
Buyer(s) TNT Crane & Rigging
Sellers(s) Turner Bros.
Deal Type Divestiture

Target

Turner Bros. - Crane Operations

Oklahoma City, Oklahoma, United States
Turner Bros. - Crane Operations 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).

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Buyer(S) 1

Buyer

TNT Crane & Rigging

Houston, Texas, United States
Category Company
Founded 1985
Sector Business Services
Revenue 100M USD (2013)
DESCRIPTION

TNT Crane & Rigging is a mobile crane rental company serving the Louisiana and Oklahoma region. TNT provides crane rental and rigging services primarily to the refinery, oil & gas, petrochemical, power and commercial end markets. The Company owns one of the largest and most diverse mobile crane fleets in the region, with cranes ranging in size from 15-tons to 800-tons. TNT Crane & Rigging was founded in 1985 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 8
Sector (Retail) 1 of 2
Type (Divestiture) 1 of 1
State (Oklahoma) 2 of 2
Country (United States) 4 of 8
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 Turner Bros.

Oklahoma City, Oklahoma, United States

Turner Bros is a provider of industrial plant maintenance services using its extensive fleet of cranes and specialized transportation equipment. Turner focuses on providing routine and turnaround maintenance and related industrial services to the refining, chemical, power generation, oil and gas, mining and pulp and paper industries, primarily in the Gulf Coast region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Southway Crane & Rigging

Atlanta, Georgia, United States

Southway Crane & Rigging LLC is a provider of crane rental services in the Southeast. The Company has eight locations throughout Georgia, South Carolina, Tennessee and Florida, and serves a variety of industries, including chemical, commercial and industrial manufacturing, paper, government, power and utilities, and telecommunications. Southway's large and diverse fleet of cranes includes cranes of all sizes, ranging from 15-tons to 800-tons. In addition, the Company also offers heavy hauling and rigging services.

Buy -

Seller(S) 1

SELLER

Turner Bros.

Oklahoma City, Oklahoma, United States
Category Company
Founded 1920
Sector Business Services
DESCRIPTION

Turner Bros is a provider of industrial plant maintenance services using its extensive fleet of cranes and specialized transportation equipment. Turner focuses on providing routine and turnaround maintenance and related industrial services to the refining, chemical, power generation, oil and gas, mining and pulp and paper industries, primarily in the Gulf Coast region.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Mergr

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