We were looking at expanding because of the market in Edmonton right now,” Northern Crane president and CEO Leo Davis told Cranes Today. “We wanted some capital so we can go out and invest in more equipment.”
He says that the company has allocated a budget of CAN $45m (US $40m) to buy new equipment – all terrains and some crawlers. “Right now we are talking to Liebherr,” he said – 75% of the firm’s fleet is Liebherr. The company has 75 cranes, six of them crawlers.
It Northwest Capital’s first crane rental firm. “Our goal is to add to it – to use it as a platform company and add additional companies to it,” Northwest Capital partner John Jacobs told Cranes Today. He manages the company with partners Perot Bissell and Bradford Creswell.
