TNT Crane & Rigging acquired by MML
04 March 2008
Mezzanine Management Limited (MML) led the acquisition of Houston- based TNT Crane & Rigging, according to the company. The acquisition of TNT continues MML's focus on “infrastructure- related companies serving attractive end markets.”
Michael Appling, former executive vice president of XServ, is the new president and CEO of TNT, and he is also one of the investors in the deal.
“TNT is one of the largest service providers in its market,” said Robert Davies, managing director of MML. “Being well capitalized with an experienced and committed team and a modern fleet of cranes reinforces the company's strong competitive position. Moreover, as the demand for TNT's services remains solid, the company is well placed for generating further growth. We look forward to supporting TNT management in their efforts to build the company both organically and through acquisitions.”