The ownership of A.W. Leil Cranes & Equipment has changed, with the Membertou Development Corporation acquiring the business from the current owner SeaFort Capital.
Membertou Development Corporation was established in 1989 to create partnerships for the future of business for the Membertou first nation community on Cape Breton Island/Unama’ki in Nova Scotia, Canada.
A statement from the company said: “This acquisition aligns with our approach of investing in established businesses with experienced teams and opportunities for long term growth. It also aligns with our diversification strategy, expanding the business portfolio into crane rentals, heavy lifting, specialised transportation, and infrastructure support.
Founded in 1958, A.W. Leil operates one of Atlantic Canada’s largest crane fleets, with models of all types up to a 750 tonne Liebherr LG1700 SX wheeled lattice crane that it added last year. it operates from five locations across Nova Scotia and Prince Edward Island.
The A.W. Leil branch network Chief executive Terry Paul said: “Membertou has always believed that economic development is about building for the future. We have worked hard to build a strong and diverse business portfolio, and this acquisition is another step forward in that journey.”
“A.W. Leil is an established company with a great reputation, skilled employees, and an important role in Atlantic Canada’s economy. We see tremendous value in bringing this business into our portfolio and creating opportunities for continued growth, while ensuring that the benefits of our economic success continue to support our community.”
Leil president Ryan Long added: “A.W. Leil has built its reputation over decades through the dedication of our people, our commitment to safety, and the relationships we have developed with our customers. We are proud of what the team has accomplished and excited about the opportunities ahead with Membertou Development Corporation.”
“Membertou brings a long term approach to business ownership, a strong track record of growth and a commitment to developing successful businesses. We look forward to building on our history, supporting our employees and continuing to deliver the service our customers expect.”
SeaFort Capital, partner Stephen Denton said: “We are proud of the growth A.W. Leil has achieved and the role SeaFort has played in supporting the business and its team over the years. We believe it is well positioned for its next stage of growth under Membertou’s ownership and wish the entire team continued success.”
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