24.04.2013

More acquisitions at TNT

Texas based TNT Crane & Rigging has acquired the assets of TSD Crane & Rigging and Greenergy Construction & Maintenance, extending the company’s operations into the Permian, Panhandle and Kansas regions with new branches in Odessa and Canadian, Texas.

The company said: “these new operations will position allow us to ‘partner’ with our oilfield and refinery customers as they grow their respective
businesses in these strategic markets.”

At the same time TNT has announced the promotion of Kregg Lunsford from executive vice president and chief development officer to president.
Lunsford joined TNT last year from Cal Dive, and has led the company’s growth strategy, including the acquisitions of Southway Crane & Rigging, TSD and Greenergy

TNT chief executive Mike Appling said: "I am excited for the company as Kregg moves into his new role as president. He has successfully executed our growth initiatives since joining the TNT team and has been an invaluable partner during the process. I am continuing as chief executive and we will work closely together building our business. His past experience as the chief financial officer of a public company and executive vice president of international operations brings a broad and deep skill set to the TNT management team and his leadership will drive our success into the future."
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Kregg Lunsford

Lunsford said, "We are very optimistic about the growth opportunities that TSD and Greenergy bring. We're not only picking up additional crane assets in targeted locations but these companies also bring an abundance of young talented managers and key seasoned veterans that will lead our expansion in these high growth markets."