Boom Logistics buying again
25 April 2008
Australian crane rental major Boom Logistics has completed its 15th acquisition in six years after completing an AUS$60 million (US$45 million) deal for the James Group.
Boom CEO Rod Harmon said the deal included the James Equipment business, which specialises in the sale of used mobile cranes and holds a licence 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 (US$33 million).
Brendan James, general manager of the James Group, will continue to manage the business and join the Boom executive team.
