ENTREC Acquires HighMark Crane for $5.5 Million
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ENTREC Corporation has acquired the business and assets of HighMark Crane Ltd.
HighMark specializes in providing crane rental and operator services and industrial equipment transportation services to customers in the power transmission, mining, and commercial construction industries across Canada. The company possesses a modern equipment fleet that includes nine boom trucks specifically designed to service the power transmission industry as well as several cranes, trucks, trailers and other support equipment with a fair market value of approximately $5.5 million. HighMark is currently servicing multiple power transmission projects throughout the Provinces of Manitoba and Newfoundland and Labrador.
“The acquisition of HighMark represents a key stepping stone in our strategy to further diversify our business outside oil and gas. Led by Scott Dodds, its president and founder, HighMark has developed a strong reputation as a leading provider of crane services to the power transmission industry right across Canada. We are very pleased to welcome Scott and his employees to the ENTREC family,” said John M. Stevens, president and CEO of ENTREC.
With the acquisition of HighMark, ENTREC is also pleased to announce that it has expanded its operations into the Provinces of Manitoba and Newfoundland and Labrador.
About ENTREC
ENTREC is an employee-owned 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 Toronto Stock Exchange under the symbol ENT.
To stop by ENTREC’s website, CLICK HERE
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