TNT Crane & Rigging Announces Expansion into Rocky Mountain Region with Acquisition of RMS Crane
HOUSTON, April 28, 2015 /PRNewswire/ --TNT Crane & Rigging, Inc., one of the nation's premier lifting services providers, today announced that it has acquired Rocky Mountain Structures, Inc. and its subsidiaries ("RMS"). Terms of the transaction were not disclosed.
RMS, headquartered in Denver, CO, is one of the largest crane and rigging services companies in the Rocky Mountain region, serving Colorado and the surrounding states. Founded in 1977, RMS has longstanding ties to the area and a well-diversified customer base which make the business a natural strategic fit for TNT. The acquisition expands TNT's contiguous geographic coverage, end-market exposure and fleet composition with the addition of three Colorado branches and 66 cranes. RMS serves the manufacturing, industrial, cell tower, power, commercial and construction markets as well as other end markets throughout the Rocky Mountain Region. With access to TNT's significant resources and management experience, RMS will continue providing excellent service with the enhanced capability to take on new, larger and more complex projects.
Cody Gilliland, CEO of RMS, commented, "We are thrilled to be joining forces with TNT. The company is an industry leader with a proven successful track record not only for profitable growth but also for building a culture that puts its people first. This partnership enhances our ability to grow our business and creates opportunities for our employees. The economic outlook is solid for Colorado and the end markets we serve, in addition the combined company will benefit from opportunities in the energy sector when oil prices and drilling activities return to sustainable levels."
Mike Appling, CEO of TNT stated, "RMS provides TNT further geographic expansion in the western U.S. as well as end market diversification through Colorado's broad group of industry sectors. The depth and breadth of our combined capabilities and experience is a tremendous benefit to all of our customers. Cody has built an impressive team and we are excited to welcome them to the TNT family."
Kregg Lunsford, President of TNT said, "The acquisition of RMS reinforces TNT's commitment to partnering with best-in-class operators to better serve our clients. RMS has demonstrated exceptional growth over the last several years by providing superior service and execution. There is no question their success is a direct result of our shared culture and belief that our people are our most important assets and with that we have a great responsibility to them. We look forward to working with this exceptionally talented team and can't wait to see what our future holds."
Founded in 1985, TNT Crane & Rigging, Inc. is one of the largest crane service providers in North America utilizing hydraulic truck, all terrain and crawler cranes with lifting capacity up to 1300 tons, plus a comprehensive inventory of gantry jacks, forklifts, rigging equipment, and tractor/trailers. With the addition of RMS, the company now has over 1,500 employees working from its 38 strategically positioned branch network with a fleet in excess of 620 cranes. TNT delivers lifting solutions safely and efficiently to customers across diverse industries including oil & gas, refining, petrochemical, power and commercial end markets.
For more information visit www.tntcrane.com.
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SOURCE TNT Crane & Rigging, Inc.
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