CraneTech Enters West Texas Crane Market with Acquisition of Twin City Assets
April 16 2024 - 11:00AM
Business Wire
CraneTech, a leading provider of industrial crane solutions in
the United States, proudly announces the acquisition of Twin City
Crane & Hoist, a well-established company based in Anthony, New
Mexico that has serviced the El Paso, Texas market for 20+ years.
The acquisition marks a significant milestone in CraneTech's
expansion strategy, further solidifying its footprint in the
Southwest United States, which already includes locations in
Phoenix, Tucson, Albuquerque, Dallas, and Houston.
CraneTech is excited to welcome Twin City’s five dedicated
employees into the CraneTech family, and to support its new team
members with additional resources to enhance their service
capabilities in the Southwest US territory.
"The acquisition of Twin City Crane & Hoist aligns perfectly
with our strategic growth initiatives," said Eric Factor, CEO of
CraneTech. "We are excited to integrate their team into our
operations, expand into the West Texas market, and provide even
greater value to our customers."
As part of the acquisition, Matt Berryman, the former owner of
Twin City Crane & Hoist, will be transitioning into a
well-deserved retirement. Berryman shared that he “appreciated
working with CraneTech throughout the acquisition process and is
confident CraneTech will serve Twin City’s customers in this market
well.” CraneTech expresses its gratitude to Mr. Berryman for his
contributions to the industry and extends best wishes for his
future endeavors.
With this strategic investment, CraneTech gains a strong
foothold near El Paso and the West Texas market. The Twin City team
will operate under the leadership of Chris Smith and be integrated
into CraneTech's New Mexico branch.
CraneTech continues to demonstrate its commitment to growth and
innovation in the crane and hoist industry. This acquisition
follows recent expansions, including the acquisition of Ameracrane
and Hoist in Tulsa, Oklahoma and WHECO corporation in Richmond,
Washington.
About CraneTech:
CraneTech provides crane installations, inspections, repairs,
and training for clients across the United States with 21 offices,
30 service areas, and over 250 employees. Established in 2004, the
company has been committed to offering top-quality products,
superior training, and expert support to ensure the success of its
customers. CraneTech prides itself on its dedication to safety,
customer satisfaction, and employee well-being. For more
information, please visit www.cranetechusa.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240416692853/en/
Media Contact: Austin King CraneTech (866) 994-6478
press@cranetechusa.com