TNT Crane & Rigging acquires Kuhn Crane Service
By Alex Dahm28 May 2008
In the US, TNT Crane & Rigging has purchased the assets of Kuhn Crane Service.
TNT is a privately held full service crane and rigging operator based in Houston, Texas. Crane rental house Kuhn operates from Corpus Christi and Edinburg, Texas. Terms of the acquisition were not disclosed.
The combined company will have 78 cranes operating from Houston, Corpus Christi, San Antonio and Edinburg. The fleet ranges from boom trucks to 800 US ton mobiles. Rigging services are also offered.
Kuhn’s strength in oilfield service and the growing commercial markets of South Texas are complimentary and strategic to the TNT strengths of industrial plant and shipyard work, TNT said.
“The acquisition of Kuhn is a strong strategic fit for TNT and accelerates our growth plans. Kuhn has an extremely new and diversified fleet of cranes. Their long term customer relationships combined with the large crane fleet of TNT will provide additional growth opportunities and enhanced service for our customers. Kuhn further diversifies our revenue base and enhances the energy side of our infrastructure offering. We are now well positioned to serve clients in the oilfields, through the pipelines and compressor stations and into the refineries and other process industries,” explained Michael Appling, TNT president and CEO.
Ron Kuhn of Kuhn Crane Service added, “This merger positions TNT as one of the predominant crane rental service companies in Texas. It will give our employees opportunities that we would never have been able to offer them and it gives TNT the opportunity to diversify its customer base.”