News Feed Item

NCSG Crane & Heavy Haul Announces New Investor Group

EDMONTON, ALBERTA -- (Marketwired) -- 06/23/14 -- NCSG Crane & Heavy Haul Corporation ("NCSG"), Northwest Capital Appreciation ("NCA") and TriWest Capital Partners ("TriWest") announced today that they have signed an Agreement pursuant to which TriWest and Alberta Teachers' Retirement Fund ("ATRF", and together with TriWest, the "Investor Group") shall acquire a majority interest in NCSG from its existing shareholders. Financial terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and is expected to close before year-end 2014.

Founded in 1987, NCSG is one of the largest providers of fully operated and maintained crane and heavy haul services in North America, and has over 285 cranes, 235 lines of hydraulic platform trailers, 300 conventional trailers and specialized rigging such as jack and slide systems and hydraulic gantries. This equipment is supplemented by a team of experienced operators, project managers and professional engineers throughout the North/South Energy Corridor stretching from the Yukon to the Gulf Coast.

"We believe the outlook for our business has never been better and that the TriWest led Investor Group will be a great partner for NCSG and provide additional capital for us to continue to grow our business and provide even better service to our blue chip North/South Energy Corridor customers," said Ted Redmond, President & CEO of NCSG. "TriWest has a long history of working with energy and industrial services businesses helping them expand their geographic coverage and offer additional services. This investment will benefit our customers and partners, and provide additional opportunities for our employees."

"We look forward to this new partnership opportunity with the management of NCSG, ATRF and NCA. We believe this group has the experience and resources to build a leading global crane and heavy haul services company," said TriWest Senior Managing Director, Cody Church. "TriWest is excited to work with this experienced team with a proven track record of success in the industry."

"NCA is excited to continue to be a significant investor in NCSG," said NCA Managing Director, Brad Creswell. "We are proud to have been part of NCSG's tremendous success over the last 8 years and believe that with the addition of TriWest our investor group is even stronger."

Goldman Sachs acted as exclusive financial advisor to NCSG on the transaction.

About NCSG Crane & Heavy Haul Services

NCSG began as Northern Crane Services. The company was founded in 1987 and purchased in 2006 by an investor group headed by Northwest Capital Appreciation. Since 2006, NCSG has done eight follow-on acquisitions.

NCSG, based in Edmonton, Alberta, offers rigging, lifting and heavy haul services throughout the North/South Energy corridor. In Canada, NCSG has branches in Edmonton, Calgary, Leduc/Nisku, Fort McMurray, Grande Prairie, Wabasca and Bonnyville in Alberta; Prince Rupert, Terrace/Kitimat, Fort St John and Tumbler Ridge in British Columbia; and Regina in Saskatchewan. In the U.S., NCSG has branches in Soda Springs, ID; Billings and Sidney in Montana; Williston and Dickinson in North Dakota; and Odessa, Texas. NCSG has a diverse fleet of over 285 cranes ranging in size from 6 to 1350 tons and a specialized heavy haul fleet servicing the refining, oil sands, upstream oil and gas, LNG, mining, infrastructure, and wind/utility industries.

About Triwest

Founded in 1998, TriWest is one of Canada's leading private equity firms, having raised over $775 million of committed capital. We are entrepreneurial, independent and based in Western Canada.

About NCA

NCA is a leading private equity firm headquartered in Seattle, Washington with over 20 years of experience. Since 1992, NCA has been involved in leveraged buyouts, consolidations, turnarounds, recapitalizations and growth financings targeting the middle market.

Ted Redmond
President & CEO

Cody Church
(403) 817-9487


More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises - and delivering real results.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
"We started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.