29.11.2010
Essex completes Coast crane acquisition
US based Essex crane has completed the acquisition of Coast Crane and will operate it as a seperate business – Coast Crane Company.
As already reported the Coast Crane business will continue to be managed by Dan Goodale and his team.
Essex paid around $80 million for Coast's assets, approximately $48 million of which is being financed by a new $75 million, four year, interest only, non-amortizing senior credit facility. Essex also assumed $12 million Coast crane’s debt.
For more information
see Essex acquires Coast Crane -click here]
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