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marmoncranes.com

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About Marmon Crane Services

Marmon Crane Services is a business sector within The Marmon Group and a Berkshire Hathaway company. Marmon Crane Services companies include Sterling Crane (Canada and USA); Astha Sterling Crane Private (India); Freo Group (Australia); Sterling Logistics and Procrane Sales.

Marmon Crane Services Headquarters Location

2440 - 76 Avenue

Edmonton, Alberta, T6E 6R2,

Canada

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Latest Marmon Crane Services News

ENTREC Corporation Completes the Sale of Its Canadian Crane Business and Assets to Sterling Crane

Jan 2, 2020

| Source: ENTREC Corporation ACHESON, Alberta, Jan. 02, 2020 (GLOBE NEWSWIRE) -- ENTREC Corporation (“ENTREC” or the “Company”), a heavy haul transportation and crane solutions provider, today announced that it has completed its previously announced sale of its Canadian crane business and assets to Sterling Crane, part of Marmon Crane Services, a Berkshire Hathaway company. The aggregate consideration paid at closing consisted of cash of $21.2 million less certain holdback amounts. ENTREC used the net proceeds from the sale to reduce its long-term debt. Going forward, ENTREC’s operations will now be focused on the following businesses in 2020: Continuing to provide a full spectrum of crane and heavy haul transportation services in the United States through its locations in North Dakota, Colorado, Texas and Wyoming. This includes ENTREC’s recent expansion into Williston, North Dakota in November 2019;   Providing oilfield transportation and picker truck services throughout Alberta and North-east British Columbia through its investment in ENT Oilfield Group Ltd. and Capstan Hauling Ltd; and   About ENTREC ENTREC is a heavy haul transportation and crane solutions provider to the oil and natural gas, construction, petrochemical, mining and power generation industries. ENTREC is listed on the TSX under the symbol ENT. For further information, please contact:  John M. Stevens - President & CEO Telephone: (780) 960-5625

Marmon Crane Services Acquisitions

1 Acquisition

Marmon Crane Services acquired 1 company. Their latest acquisition was WGC Crane Group on May 01, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/1/2018

$99M

Acquired

1

Date

5/1/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Marmon Crane Services Team

1 Team Member

Marmon Crane Services has 1 team member, including former Chief Financial Officer, Kevin Guiochet.

Name

Work History

Title

Status

Kevin Guiochet

Chief Financial Officer

Former

Name

Kevin Guiochet

Work History

Title

Chief Financial Officer

Status

Former

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