Select buys Delta Tower Cranes
Select Plant Hire, part of the Laing O’Rourke Group, has acquired Delta Tower Cranes - the last remaining division of Baldwins Industrial Services – from official receivers Price Waterhouse Coopers.
Speaking to Vertikal.net, Select’s director Mike Studd declined to reveal the purchase price for the sale but said that the acquisition included a total of 126 tower cranes, which gives the company a total fleet size of approximately 300 units. According to Studd, this moves Select up in to the top three tower crane hire companies in the world. Studd also confirmed that Delta’s 141-strong workforce will be retained but the Delta name will be dropped.
Commenting on the purchase, Paul Collins, managing director of Select said, “the purchase of Baldwins' tower crane division with the workforce is a great boost to our company. The combination of Delta with our existing tower crane business will enable us to provide an enhanced service to all existing and new customers. We are very pleased that we have concluded this acquisition and are looking forward to integrating Delta into our Group.”
As part of the sale agreement - finalised on the 20 December – Select will be completing all ongoing customer hire contracts.
* Select represents Terex Comedil in the UK while Delta has until now been the sole agent for Terex-Peiner.