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NCSG Crane & Heavy Haul Announces Completion of Recapitalization Transaction

by pmnationtalk on July 12, 201833 Views

July 11, 2018

EDMONTON, ALBERTA – NCSG Crane & Heavy Haul announced that the Company has completed a recapitalization transaction that significantly reduces NCSG’s longterm debt and provides the working capital necessary to take full advantage of new opportunities for growth.

“This deal strengthens NCSG’s balance sheet while also enabling us to generate significant free cash flow going forward, allowing us to sustain and grow our position as one of the largest operated and maintained crane and heavy haul companies in North America,” said Ted Redmond, President and CEO. “I would like to personally thank NCSG’s employees, vendors and customers for their ongoing support through the recapitalization process”

About NCSG
NCSG, headquartered in Edmonton, Alberta provides rigging, lifting and heavy haul services throughout the North/South Energy Corridor of North America. In the U.S., NCSG now has branches in New Orleans and Baton Rouge, Louisiana; Baytown, Beaumont, and El Paso, Texas; Soda Springs, Idaho; Great Falls, Billings and Sidney in Montana; Salt Lake City in Utah, and Casper, Wyoming.

NCSG has an experienced team of 1000 employees, a diverse fleet of 365 cranes, carry decks and picker trucks, ranging in size from 8 to 1350 tons as well as a highly specialized heavy haul tractor and trailer fleet of over 450 units supplemented by 296 lines of platform trailers / SPMTs.

NCSG services the refining, petrochemical, mid-stream oil & gas, oil sands, upstream oil & gas, LNG, mining, infrastructure, commercial and wind/utility industries.

For more information about NCSG or this transaction contact Darin Coutu, NCSG CFO, or Ted Redmond, NCSG CEO, at 780-960-6300 or visit www.ncsg.com.

NT4

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