MML Capital Partners, a buyout firm based in London and Stamford, Conn., has acquired the assets of Houston-based Americrane LLC through its portfolio company, TNT Crane & Rigging, Inc., for an undisclosed amount.
MML Capital Partners (“MML”) announces today that its portfolio
company, TNT Crane & Rigging, Inc. (“TNT”) has acquired the assets of Americrane LLC (“Americrane”) for an
Based in the Dallas/Ft. Worth area, Americrane offers full service crane and rigging solutions. This strategic acquisition
provided a compelling investment opportunity to expand geographically and acquire a modern fleet of cranes with an
experienced team of operators.
Following the acquisition, TNT has 94 cranes servicing Texas and Louisiana through its branches located in Houston,
Corpus Christi, San Antonio, Dallas/Ft. Worth (“DFW”), Edinburg and Lake Charles, Louisiana.
Commenting on the transaction, Michael Appling Jr., President & CEO of TNT, said: “The addition of Americrane
expands our geographical coverage into North Central Texas. There is strong diversity in the DFW commercial work,
industrial/power and energy related work tied primarily to the Barnett Shale. We’re grateful for the continued support
of our partners at MML.”
TNT was advised by Porter & Hedges, LLP (legal counsel).
MML Capital Partners (www.mmlcapital.com) is a leading pan-European and transatlantic independent investment firm
with over $2 billion invested across 11 countries during the last 20 years. It provides capital to businesses for
expansion/acquisitions, recapitalizations and leveraged and management buyouts. MML has offices in London, Paris,
Frankfurt and Stamford, Conn., as well as an affiliated Central European Fund with offices in Vienna, Budapest, Warsaw
TNT Crane & Rigging, Inc. (www.tntcrane.com) is a full service crane and rigging operator based in Houston, Texas.
TNT owns an extensive modern fleet of hydraulic truck cranes with lifting capacities ranging from 15 to 800 tons in
addition to gantry jacks, rigging, trailers and other lifting related equipment.