NCSG Buys B&G Crane Holdings of New Orleans

April 27, 2015 - NCSG Crane & Heavy Haul Holdings Inc., has signed an agreement to buy 100% of the outstanding shares of Louisiana crane and transport company B&G Crane Holdings, Inc. The majority owner of the business prior to the sale is The Sterling Group, L.P.

Founded in Louisiana in 1946 by the Grilletta family, which still owns a significant minority interest in the business, B&G is a supplier of operated and maintained crane services, specialized rigging, and heavy haul transportation in the states of Louisiana and Texas. B&G has customers in the refining, petrochemical, midstream and other heavy industrial end markets.

The B&G management team including Gawain Grilletta, Rich Haggard, Trip Grilletta and Xavier Grilletta, Jr. will continue to run the business on a day to day basis and will all become shareholders of NCSG.

"We believe that the combination of B&G and NCSG is a significantly more diversified business that will allow us to get better overall asset utilization as we can share our project and maintenance cranes across a more diverse set of end markets," said Ted Redmond, president of NCSG.  

"With access to NCSG's team of 800 employees and fleet of over 295 cranes, 259 lines of hydraulic platform trailers/SPMTs, 400+ conventional trailers and specialized rigging equipment, we will be able to take on even larger maintenance jobs and projects and meet even more of our customers' needs," said Gawain Grilletta, VP Operations for B&G. "A specific example of the equipment we will now have available to us is the world's largest mobile crane, the Liebherr LTM-11200, that has a capacity of 1350 U.S. tons and is well suited to lifting large vessels in tight locations."