08.07.2012

TNT Acquires Turner Bros

Houston Texas based TNT Crane and Rigging has acquired the crane operations of Oklahoma based Turner Bros.

TNT has acquired all the shares in Turner, but spun the transport, pipe handling and warehousing operations off to the former owners. No financial details of transaction have yet been released. TNT was itself acquired by Odyssey Investment Partners late last year. See Odyssey picks up TNT

Turner has 60 cranes operating from branches in Houston, Longview, Beaumont, Abilene and Corpus Christi. The takeover takes TNT’s fleet to more than 230 cranes - topped by 1,200 tonne LiebherrLTM11200 Telescopic - servicing the Gulf Coast from 11 branches in the states of Texas, Louisiana and Oklahoma.

The acquisition is TNT’s largest to date and follows a string of such moves since TNT was acquired by MML Capital Partners in 2007. See TNT Crane & Rigging sold

Chief executive Michael Appling said: “The acquisition of Turner shows our commitment to be a leader in the industry. It places TNT in a stronger and more competitive position. We will enjoy both industry and geographic diversity through our three new branches in Beaumont, Longview and Abilene. Turner is a leader in the attractive wind maintenance and services business. We welcome the Turner employees to the TNT family and we look forward to working with them as we continue to grow our company.”

David Cowley executive vice president of Turner who joins the TNT executive management team added: “All Turner employees are excited about this transaction. This will expand the geographic foot print for TNT. With the combined equipment, we can service our vast range of customers over a broader area. This transaction is a benefit for all markets with the combination of knowledge from safety, to skilled workers, to management. We appreciate the welcome of the Turner employees to the TNT family.”