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

Talbert names Henderson thumbnail image

Talbert names Henderson

September 13 - USA-based Talbert Manufacturing has appointed David Henderson as dealer development manager.
Views: 292
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
Views: 338
ACS adds office space in Spain thumbnail image

ACS adds office space in Spain

September 13 - Air Charter Service (ACS) has relocated its Spanish operation to larger premises in Madrid.
Views: 330
Persson joins Kässbohrer thumbnail image

Persson joins Kässbohrer

September 13 - Kässbohrer has appointed Christian Persson as its key account manager for Sweden, Finland and Norway.
Views: 358

Heavy Lift Across The World

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