News & Events

Simpson Thacher represented TNT Crane & Rigging, Inc. (“TNT”), a portfolio company of First Reserve, in connection with the financing of its merger with Allison Crane & Rigging (“Allison”). Allison is a full-service mobile crane provider primarily serving the Utica and Marcellus shale basins from its branch in Williamsport, Pennsylvania and the Permian basin from its branch in Pecos, Texas. Financial terms of the transaction were not disclosed.

TNT is one of the largest crane service providers in North America utilizing hydraulic truck, all terrain, tower and crawler cranes with lifting capacity up to 900 tons, plus a comprehensive inventory of gantry jacks, forklifts, rigging equipment and tractor/trailers. With the addition of Allison, the company now has approximately 1,700 employees working from its 44 strategically positioned branch network with a fleet in excess of 700 cranes.

The Simpson Thacher team includes Alden Millard, Mike Vernace and Sarah Pelham (Credit); and Sarah Katz (Tax).