NCSG Crane & Heavy Haul agrees to buy B&G Crane Service

NEW ORLEANS — NCSG Crane & Heavy Haul Corporation (NCSG) and its investor group led by TriWest Capital Partners, Alberta Teachers’ Retirement Fund (ATRF) and NCA Partners (NCA) recently announced that a wholly owned indirect subsidiary of NCSG, NCSG Crane & Heavy Haul Holdings Inc., has signed a Stock Purchase Agreement to buy 100% of the outstanding shares of B&G Crane Holdings, Inc. (B&G). The majority owner of the business prior to the sale is the Sterling Group, L.P.

B&G was founded in Louisiana in 1946 by the Grilletta family, who still own a significant minority interest in the business. B&G is one of the largest suppliers of operated and maintained crane services, specialized rigging and heavy haul transportation in Louisiana and Texas. B&G has over 180 master service agreements (MSA) in place with customer locations 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. 

“B&G is a great business with a proud history of providing outstanding service to its many customers in Texas and Louisiana and the current B&G management team plans to continue to run the business and carry on with that tradition,” said Ted Redmond, president 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.”

“I am proud of the business we have built, and I believe that NCSG has similar values for building and running a customer focused business,” said Xavier Grilletta Jr., vice chairman of B&G. “We intend to continue our long history of safely providing outstanding customer service.”

“With access to NCSG’s team of 800 employees and fleet of over 295 cranes, 259 lines of hydraulic platform trailers/SPMTs, 400-plus 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 1,350 U.S. tons and is well suited to lifting large vessels in tight locations.”

Stifel is acting as exclusive financial advisor to NCSG and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Bennett Jones LLP are acting as legal advisors to NCSG. RBC Capital Markets is acting as exclusive financial advisor to B&G. 

For more information on this transaction contact Ted Redmond, NCSG CEO, at (780) 993-7607 or visit www.ncsg.com.

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