TNT acquires JMS Crane & Rigging
By D.Ann Shiffler04 November 2021
This acquisition will allow TNT to expand its wind power marketshare.
TNT Crane & Rigging has acquired the businesses of JMS Crane & Rigging, WM Services Crane & Rigging, and Big Ray’s Equipment. Together referred to as “JMS,” the company is based
in Billings, Montana, USA. JMS is a full-service mobile crane and heavy haul transportation provider primarily serving the wind, power, petrochemical, and refining markets. Terms of the transaction were not disclosed.
Founded by the Mullen family in 2012, the companies are led by Ray Mullen, CEO, and his children John, Bill and Jennifer Mullen. The JMS companies bring a long history of operational excellence and world class service to the crane and rigging industry, operating more than 30 cranes as well as a sizeable fleet of heavy haul trucks and trailers, according to a TNT press release. With this transaction, TNT has expanded its footprint to include Montana and Idaho, which provides further strategic positioning to serve the surging demand within the wind power market as well as the refineries in the region, TNT said.
“Our partnership with JMS demonstrates a continued commitment to leadership in the crane and rigging industry and further strengthens our position and market share supporting the nation’s wind energy end market,” said Michael Appling Jr., CEO of TNT. “Our management team considers Ray an icon in the crane industry. We welcome him, his family and the JMS employees to the TNT family. We are excited to work together with John, Bill and Jennifer to integrate our businesses and further strengthen our position as an industry leader in the wind market. We look forward to working with this talented team as we continue to grow our combined business and provide tremendous opportunity to our employees while providing world class service to our customers.”
Ray Mullen and his family will continue in their current roles.
“TNT is the right partner for JMS at this point in the growth and development of our business,” Mullen said. “We have been blessed with amazing employees that have made us who we are today. This will allow us to continue to provide superior service to our customers and most importantly expanded opportunities for our employees.”