Growing ENTREC buys U.S. crane service

Road

Wednesday, January 02, 2013

Canada-based ENTREC, an industrial transportation company, has acquired Taylor Crane Service, an oil crane operator located in the Bakken oil formation, for $4.3 million and 1 million shares of stock. A 31-day due diligence period will occur before the deal is closed. "The acquisition of Taylor Crane, combined with our current operations in the Bakken, will provide us with the scale we need to better compete and grow our business in this region," ENTREC's head, John M...

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