NC Energy Services Buys Energy Transportation LLC

 

February 4, 2015 - NCSG Crane & Heavy Haul Corp. subsidiary, NC Energy Services U.S. Inc., has acquired the membership interests of Energy Transportation, LLC. Energy Transportation was founded in Casper, Wyo. in 1983 by Dan McGlade.

 

NCSG is acquiring 100% of the equity in Energy Transportation and will assume the ongoing operation including brand names, existing staff, customer and other contracts, leases to the facilities, and the working capital of the business. McGlade will obtain an ownership stake in NCSG.

 

In a strategy to realize a portion of the value he has built in the business, McGlade is independently selling off the crane and trucking equipment previously owned by the business. NCSG is replacing that equipment by moving in equipment from its existing 20-branch network and buying equipment as necessary.

 

"This transaction reflects the continued implementation of our North/South Energy Corridor strategy and grows our U.S. presence to over 200 employees and 10 branches," said Martin Inglehart, vice president of U.S. operations for NCSG. "We expect to achieve significant operating benefits from our expanded network of branches. We will have all sizes and types of cranes and trucks/trailers within an easy reach of our customer's facilities."