Houston based TNT Crane & Rigging has purchased the assets of Americrane, the Cleburne/Dallas-Fort Worth, based crane and rigging company. Americrane’s owner, Kenny Emigh, will remain with TNT following the purchase. Terms of the acquisition have not been disclosed.
This strategic acquisition provided a compelling opportunity to expand geographically and acquire a modern fleet of cranes with an experienced team of operators. Americrane’s strengths in the oilfield service markets of the Barnett Shale and commercial markets of Dallas/Ft. Worth are of particular strategic interest to TNT.
The combined company will have 94 cranes covering the states of Texas and Louisiana from branches in Houston, Corpus Christi, San Antonio, Edinburg, Cleburne and Lake Charles, Louisiana.
The fleet ranges from boom trucks up to 800 ton cranes and a complete portfolio of rigging capabilities.
Michael Appling Jr, president and chief executive of TNT said: “The acquisition of Americrane is a strong strategic fit for TNT and expands our geographical coverage into North Central Texas. There is a good balance of commercial, industrial/power and energy related work in this market. We look forward to working with Kenny Emigh and the entire Americrane team as we continue to service our customers with world class safety and experience.”
Emigh said: “We are extremely excited about the opportunities that this merger with TnT provides to our Employees and Customers in North Texas”.
TNT was founded in December 1984 by Troy Lambert, Appling led a management buy out of company in November 2007 with the support of private equity firm Mezzanine Management, In May of this year, the company acquired Kuhn Crane Service of Corpus Christi.