28.06.2011

B&G Acquires Ray Anthony Texas

New Orleans, Louisiana, based B&G Crane Service has completed the acquisition of the Texas-based assets of Ray Anthony International. B&G was itself acquired by The Sterling Group, a Houston-based private equity firm, in July last year.

The Anthony assets acquired include 23 cranes with capacities ranging from four to 240 tons and the accompanying trucks, trailers and other related assets. B&G expects to transfer additional cranes from its Louisiana-based fleet and also anticipates buying several new cranes to service the Texas market.

B&G's chief executive Xavier J. Grilletta Jr said: "The addition of RAI's Baytown and Beaumont, Texas locations and corresponding fleets will enable us to better serve our customer base across an expanded geographical area. We are excited to partner with the RAI employees to provide the same high quality, safe and customized service to our clients in Texas that we have been providing in the Louisiana Gulf Coast market for the past 60 years."

Kent Wallace, a Partner at Sterling, added "The acquisition of the RAI assets accelerates B&G's entrance into the Texas Gulf Coast market and positions the company to capitalize on the area's myriad petrochemical, refining and heavy industrial facilities."

B&G has a fleet of over 100 mobile cranes ranging from six to 825 tons in capacity along with a fleet of over 50 trucks. The company was founded by Grilletta’s father - Xavier Senior, in 1946 and operates from three locations with branch offices in Metairie and Baton Rouge. Click here to see Sterling buys B&G