Marmon Crane Service acquires WGC16 May 2018
Marmon Crane Services, a Berkshire Hathaway company, has confirmed the acquisition of WGC Crane Group by a newly-created subsidiary, Marmon Crane Australia. Financial terms were not disclosed.
Based in Wollongong, the hitherto family-owned WGC Crane Group provides mobile crane rentals, crane operators, and related services from three depots in News South Wales to clients throughout NSW and other parts of eastern Australia. The company’s fleet includes a variety of mobile cranes used for industrial maintenance, construction, and other projects.
Berkshire Hathaway is of course well known as the vehicle for billionaire Warren Buffet’s business investments; the WGC acquisition is far from Buffet’s first foray into crane operating companies, in Australia or worldwide.
The Marmon Group itself is an international association of more than 125 autonomous manufacturing and service businesses with collective revenues of approximately US $7bn. Marmon’s crane business originated with Sterling Crane in western Canada in 1954, which is headquartered in Edmonton, Alberta, and now has branch operations in twenty-four locations throughout Canada and the U.S.A. It is now one of the largest crane fleet operators in the world. Other members of the Marmon group include Canada-based Procrane Sales, and Astha Sterling Crane in India.
In early 2012, Marmon acquired Freo Group, a leading provider of crane hire services in Australia. This latest acquisition, WGC Crane Group, will continue to operate under the WGC name, and former managers Marc Sergi and Rob McInnes will continue to lead the company with oversight by management of Freo Group.
“We are excited to welcome WGC and its employees to Marmon’s global portfolio of crane businesses,” said Marmon Crane Services president John Roberts. “WGC is a strong, successful company and we look forward to its continued growth.”
Freo Group CEO Tony Canci added: “With Freo’s strong presence in western Australia and now WGC in the east, our organization is well positioned to provide comprehensive, flexible, safe, and dependable lift services to clients in key growth areas throughout Australia.”