Mains Group bought by Entrec
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26 March 2012
Canada's Entrec Transportation has signed a letter of intent (LOI) to acquire domestic crane operator and transportation firm Mains Group for US$ 56.2 million.
Entrec specialises in transportation of over-weight and oversized cargo for the resources sector. By acquiring Mains Group, Entrec hopes to increase services to the Alberta oilsands.
Family firm Mains Group operates a fleet of more than 60 cranes and 92 transportation units, with a staff of 100. The business will continue to operate as usual after its change in ownership.
Under the deal, Entrec acquires Mains Crane & Rigging Ltd., Mains Crane USA Inc., Mains Transportation Services Inc., Nisku Engineering Ltd., and Independent Crane & Equipment Inc.
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