Latest news from Heavy Lift & Project Forwarding International Magazine

Entrec eyes Capstan acquisition

Entrec has signed a letter of intent to acquire Alberta, Canada-based Capstan Hauling.

Capstan Hauling provides heavy haul transportation services to the oil and natural gas industry in northwest Alberta and northeast British Columbia.  

“With our outlook improving for the oil and natural gas industry in western Canada, this acquisition is very timely for Entrec,” said John M. Stevens, Entrec’s president and ceo.

“Following completion of the acquisition, we plan to merge Entrec’s Grande Prairie oilfield transportation division with Capstan and operate the combined business under the Capstan brand,” added Stevens.

The shareholders of Capstan will also retain a large ownership interest in the combined business while the existing Capstan management will lead the combined business going forward.

The proposed acquisition of Capstan remains subject to a number of conditions. Entrec anticipates the acquisition will close in September 2018.

www.entrec.com

www.capstanhauling.com

Heavy Lift | News

Bishop takes AWRS thumbnail image

Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 478
Buss Group in SSC takeover thumbnail image

Buss Group in SSC takeover

July 8 - Buss Group has acquired SSC Wind – a technical services provider to the wind energy sector.
Views: 1294
Mammoet in advanced acquisition talks with ALE thumbnail image

Mammoet in advanced acquisition talks with ALE

July 8 - Mammoet has confirmed that it is in advanced discussions with ALE regarding a purchase agreement, under which Mammoet will acquire the UK-headquartered heavy lift and specialist transport provider.
Views: 8976

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.