July 2 - NCSG Crane & Heavy Haul Corporation has signed an agreement that will allow Northwest Capital Appreciation (NCA) and TriWest Capital Partners (TriWest) to purchase a majority interest in the company.
Financial terms of the transaction were not disclosed, and the transaction is subject to certain regulatory approvals before it is expected to close at the end of 2014.
Ted Redmond, president and ceo of NCSG, stated that the company's believes the TriWest-led investor group will be a great partner for NCSG and provide additional capital for it to continue to grow its business and provide better service to its customers.
"TriWest has a long history of working with energy and industrial services businesses helping them to expand their geographic coverage and offer additional services," added Redmond. "This investment will benefit our customers and partners, and provide additional opportunities for our employees."