BURGERS, BOOKS, AND BARNHART: A WEEK’S WORTH OF ACQUISITIONS
Acquisitions have been in the news lately. Last week alone, Burger King merged with Tim Hortons and Amazon announced that it will acquire Twitch, a video service aimed at gamers. While the reasons for mergers and acquisitions vary, generally they are done to add a service for customers or to expand a market.
That’s the case with Crane Rental & Rigging, a company based in Omaha, Nebraska. Barnhart has reached a definitive agreement to purchase the company which will now operate as Barnhart and will transition fully as part of the Memphis-based company’s national network of branches.
In addition to Omaha, Crane Rental & Rigging has two other Nebraska locations in Lincoln and South Sioux City. The company also currently has offices in Iowa in Des Moines, Cedar Rapids, Davenport and Ames and in Sioux Falls, South Dakota. Barnhart plans to invest resources in the operation to meet the growing needs of the area. There will be no reduction in workforce at the company.
The acquisition is part of our model to grow into a better company. And growing means acquiring well-respected companies that help us expand into new territory.
“Crane Rental & Rigging has a history of doing excellent work.” said Alan Barnhart, CEO of Barnhart. “We think customers throughout the Midwest will be very pleased with the expansion of services they will experience through this acquisition.
Barnhart is one of America’s leading lifting and logistics contractors. With a current network of more than 30 facilities, Barnhart provides world-class service through a local presence. Operated crane rental, rigging services, outage planning, specialized solutions for component replacement, industrial storage and national project cargo logistics all combine to ensure our customers the lowest total cost of a project. Barnhart also boasts one of the largest engineering teams in the industry including a full R&D department driving innovation across all services.
Earlier this year, Barnhart acquired Hite Crane and Rigging with operations in the Pacific Northwest.