The Forbes M+A Group (www.forbesma.com), a leading transaction advisory firm, announced today that Rocky Mountain Structures, Inc. and its subsidiaries including RMS Cranes and RMS Rigging have been acquired by TNT Crane & Rigging, Inc., one of the largest crane service providers in North America.
The Forbes M+A Group served as exclusive financial advisor to Rocky Mountain Structures (RMS) for this transaction. “As one of the largest crane and rigging service companies in the Rocky Mountain Region, RMS has built an extensive customer base with deep ties to the area and a strong reputation for outstanding services,” said Gary Grange, managing director at The Forbes M+A Group. “We were pleased to work closely with the owners to facilitate a transaction that met their strategic goals and expanded a valuable crane and rigging resource for the region.”
Founded in 1977, RMS serves the manufacturing, industrial, cell tower, power, commercial and construction markets, as well as other end markets throughout the Rocky Mountain Region. Headquartered in Denver, CO, with offices in Colorado Springs and Windsor, CO, the company has a long-standing reputation for quality, safety and services, which is why customers throughout the region turn to it for their critical hoisting and rigging service needs.
RMS Cranes owners were seeking seasoned advisors to assist with developing a growth strategy and exit plan. The Forbes M+A Group was selected based the specific knowledge and industry experience of its senior level advisors. “When it came time plan for an exit, I knew we needed help navigating the complex transaction process, which is why we turned to The Forbes M+A Group,” saidCody Gilliland, chief executive officer and owner of RMS. “Gary and Bob were instrumental in managing the entire selling process for us. With their assistance, we successfully closed a deal that met our financial and growth goals, but they also found a buyer that matched our philosophy of valuing employees. They had the right combination of professionalism, experience and honesty, which helped us get through each step of the process. I’d highly recommend them to other sellers.”
Founded in 1985, TNT Crane & Rigging, Inc. is one of the largest crane service providers in North America utilizing hydraulic truck, all terrain and crawler cranes with lifting capacity of up to 1,300 tons, plus a comprehensive inventory of gantry jacks, forklifts, rigging equipment, and tractor trailers. With the addition of RMS, the company now has over 1,500 employees working from its 38 strategically positioned branch network with a fleet in excess of 620 cranes. “We believe RMS is the ideal candidate to expand our U.S. presence further west into the Rocky Mountain region. This acquisition reinforces TNT’s commitment to partnering with best-in-class operators to better serve our clients.Â WeÂ areÂ veryÂ excitedÂ toÂ welcome RMSÂ toÂ theÂ TNTÂ family and are enthusiastic about our prospects for the future,” added James Turner, director of corporate development at TNT Crane.
“Based on our knowledge of the industry, we were able to connect RMS with a synergistic buyer that shares its growth goals and vision for the future,” said Bob Forbes, president of the Forbes M+A Group. “The newly joined organization is well positioned to be a national powerhouse and we are very pleased to have helped make this acquisition possible.”
About The Forbes M+A Group
The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.
Media Contact: Lisa Holmes +1 (303) 770-6017, [email protected]
SOURCE The Forbes M+A Group