TNT Crane & Rigging buys Stampede/Eagle West

Monday, August 18, 2014

TNT Crane & Rigging, Inc. has acquired Stampede Crane & Rigging Inc., Stampede Crane & Rigging Ltd., Eagle West Truck & Crane Inc., Eagle West Precast Ltd., and certain assets of J&B Trucking, collectively “Stampede/Eagle West”. The transaction is expected to close in September 2014.

Stampede/Eagle West is a full service provider of crane and rigging services to customers in British Columbia and Alberta. This acquisition provides a strong entrance into the rapidly growing energy end-markets in Western Canada. Stampede/Eagle West will serve as a platform for TNT’s anticipated future growth in Canada both organically and through further acquisitions.

Bob Fairbank, President of Stampede/Eagle West, commented, “Our employees couldn’t be happier to be joining forces with a company like TNT. We are well positioned to compete for the burgeoning projects and maintenance activities in Western Canada with our combined track record, depth of resources and wealth of management expertise.”

Michael Appling Jr., CEO of TNT stated, “The acquisition of Stampede/Eagle West provides increased geographic diversification and gives TNT a superb platform for entry into the rapidly growing Canadian energy end-markets. Their longstanding history in Alberta and British Columbia, coupled with TNT’s capabilities, will provide our combined customer base tremendous benefits. We are excited to welcome our new partners/employees to the TNT family and look forward to our future growth together.”