|By Marketwired .||
|September 2, 2014 11:23 AM EDT||
EDMONTON, ALBERTA -- (Marketwired) -- 09/02/14 -- NCSG Crane & Heavy Haul Corporation ("NCSG") announced today that it has acquired Drayton Valley and Calgary-based, Tucker Oilfield Hauling Ltd. ("Tucker").
Tucker is a leading supplier of rigging, lifting and heavy haul services to the energy industry. Tucker was founded in Drayton Valley in 1994 by Richard Tucker. Cory Crosby bought into the business in 2011.
"Cory and Dick have built a great business servicing their upstream, midstream and other customers in Western Canada and we are excited to be adding their deep expertise to our management team and welcome all of the highly skilled Tucker employees," said Ted Redmond, President of NCSG. "Tucker broadens NCSG's geographic presence into the Drayton Valley and Edson areas, enabling NCSG to provide local services to customers there and broaden the services Tucker currently offers to include crane and ultra-heavy haul."
As a part of the transaction, Cory Crosby and Richard Tucker will become investors in NCSG and stay on with the business. Cory and Dick will play an important function within NCSG, growing the range of services provided in the Drayton Valley and Calgary markets.
"We are excited to be joining the NCSG team," said Cory Crosby. "With access to NCSG's team of 700 employees and NCSG's fleet of over 285 cranes, 235 lines of hydraulic platform trailers, 300 conventional trailers and specialized rigging services such as jack & slide and hydraulic gantries, Tucker will be able to take on larger projects/maintenance jobs and meet even more of our customers' rigging, lifting and heavy haul needs."
"Tucker has been serving our valued customers for 20 years and I am looking forward to continue to work with our customers and grow the business in partnership with NCSG," said Richard Tucker.
Tucker's advisor on this transaction was Prairie Advisory Corp., a Calgary-based advisory firm focusing on M&A, Valuations, and Divestitures for the Oilfield Services Industry.
NCSG began as Northern Crane Services. The company was founded in 1987 and is owned by an investor group led by TriWest Capital. Over the last 8 years NCSG has done nine follow-on acquisitions and grown at a compound annual growth rate of approximately 28%.
NCSG, based in Edmonton, Alberta, is one of the largest Crane and Heavy Haul companies in North America. NCSG provides rigging, lifting and heavy haul services throughout the North American North/South Energy corridor. In Canada, NCSG now has branches in Prince Rupert, Terrace/Kitimat, Fort St John and Tumbler Ridge in British Columbia; Calgary, Drayton Valley, Leduc/Nisku, Edmonton, Fort McMurray, Grande Prairie, Wabasca and Bonnyville in Alberta; and Regina in Saskatchewan. In the U.S., NCSG has branches in Soda Springs, Idaho; Billings and Sidney in Montana; Williston and Dickinson in North Dakota; and Odessa, Texas. NCSG has a diverse fleet of over 285 cranes and picker trucks, ranging in size from 8 to 1350 tons as well as a highly specialized heavy haul tractor and trailer fleet servicing the refining, oil sands, upstream oil and gas, LNG, mining, infrastructure, commercial and wind/utility industries.
NCSG Crane & Heavy Haul Corporation
President & CEO
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