Arcomet US partner buyout
By Euan Youdale26 September 2008
The world's largest tower crane rental house, Arcomet, has bought out its US partners at P&J Arcomet to form Arcomet North America.
The acquisition from Peter and Stephen Jehle includes a 60-crane rental fleet and its head office in Washington DC, along with a branch office in Houston, Texas.
Arcomet, based in Belgium, has more than 1,500 tower cranes in over 15 countries. "The acquisition will position Arcomet to service all of North America and to utilize all of its resources to expand into new regions," said the company.
The deal will come into affect on 1 October 2008 when the business is passed to Thomas Prozinski, P&J Arcomet vice president.
"Arcomet will have the capability to supply all tower crane needs including engineering applications, parts, maintenance, inspections, service requirements, and sales and rental of any tower crane in the market," added the company.