Energy acquires Dynamic

25 April 2008

Energy Cranes International's management team (from left) Blue Lege, John Jordan and Wayne Champagne

Energy Cranes International's management team (from left) Blue Lege, John Jordan and Wayne Champagne in front of a 40-ton capacity 'Bullfrog' rental crane, one of 23 cranes now in the company's fleet

Offshore lifting services contractor Energy Cranes International, based in Aberdeen, Scotland, has acquired the assets of Dynamic Cranes of Louisiana, US. ECI's rental fleet now comprises 23 portable offshore pedestal cranes ranging from 2 to 110 tonne capacity and the company claims a 35% share of the Gulf of Mexico market for offshore crane rental.

“Energy Cranes is already the largest player in the long-term contract crane rentals market,” said CEO John Jordan. “Dynamic has been the largest player in the spot market. By combining the businesses we introduce efficiencies, expand the fleet and strengthen the offering to the market as whole.”

Wayne Champagne and Dynamic's Horace Frederick will run the expanded division as operations manager and technical manager, respectively, reporting to Blue Lege, vice president of US operations. Former Dynamic Cranes president André Franques becomes business development vice president. The deal is supported by Energy Cranes International majority shareholder, London Merchant Securities plc (LMS).

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