Sequeira Partners acted as Sales Agent to ENTREC Corporation (“ENTREC”) and its subsidiary ENTREC Cranes & Heavy Haul, Inc. (“ENTREC USA”) on the sale of ENTREC’s USA operations to ProLift Rigging LLC. (“ProLift”). The transaction closed in November 2020:
Description of Transaction
Sequeira Partners was engaged to assist ENTREC through the court mandated Sale and Investment Solicitation Process (“SISP”) including developing a list of potential bidders, communicating and meeting with interested parties, preparing and distributing marketing materials, managing the data room, and negotiating the transaction.
The sale of ENTREC USA to ProLift supports a seamless transition for ENTREC USA’s operations. Combining ProLift’s OEM to site capabilities, ENTREC USA’s heavy haul, heavy lift cranes, and both companies’ deep rigging experience, will deliver excellent value and best in class services to their customers.
ENTREC is a leading crane service and heavy haul provider for the oil and gas industry. ENTREC maintains full-service locations in North Dakota, Colorado, and Texas, and is one of the best-equipped, finest teams supporting owners and service providers as they maintain the U.S. oil and gas infrastructure.
Founded in 2010, ProLift Rigging is a solutions-based, full-service rigging and transport organization. With its rigging capabilities and industry expertise, ProLift serves a wide variety of industries across the country, specializing in machinery moving, data center construction, transportation, storage, and much more.
Crane and Heavy Haul
Transportation and Logistics