Another acquisition for Boom
24 April 2008
AUSTRALIA: Boom Logistics has completed its 15th acquisition in six years after completing an AUS $60 million ($45 million) deal for the James Group.
Boom CEO Rod Harmon said the deal included the James Equipment business, which specializes in the sale of used mobile cranes and holds the license to sell new Tadano cranes in Australia. Harmon said that the crane sales business “added a further vertical integration to Boom's operations, which will enable the company to offer its customers a more comprehensive and streamlined service.”
The James Group operates a dry hire fleet of 70 mobile cranes from depots in Victoria, Western Australia and Queensland. Turnover last year was AUS $44 million ($33 million).
Brendan James, general manager of the James Group, will continue to manage the business.