New Investors for NCSG Crane & Heavy Haul Corp.

June 24, 2014 - NCSG Crane & Heavy Haul Corp. (NCSG), Northwest Capital Appreciation, and TriWest Capital Partners have signed an agreement in which TriWest and Alberta Teachers’ Retirement Fund will 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.

NCSG is one of the largest providers  crane and heavy haul services in North America, and has more than 285 cranes, 235 lines of hydraulic platform trailers, 300 conventional trailers and specialized rigging such as jack and slide systems and hydraulic gantries. It services projects through North America's North/South Energy Corridor, which stretches from the Canada's Yukon to the U.S. 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 and 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.” 

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