The company has more than 285 cranes ranging in size from 6 to 1350 tons, 235 lines of hydraulic platform trailers, 300 conventional trailers and specialized rigging such as jack and slide systems and hydraulic gantries.
The firms said that the stake was bought from existing shareholders and the deal is expected to close before the end of the year after securing regulatory approvals.
TriWest senior managing director Cody Church said, “We look forward to this new partnership opportunity with the management of NCSG, ATRF and NCA. We believe this group has the experience and resources to build a leading global crane and heavy haul services company.
“TriWest is excited to work with this experienced team with a proven track record of success in the industry.”
NSCG is backed by a consortium led by US-based private equity firm Northwest Capital Appreciation in 2006. Since the buyout, NSCG has completed eight add-on deals.
Since its launch in 1998 TriWest has raised more than $775m.
Recent private equity deals in Canada include Apollo Global Management’s $500m investment in CSV Midstream.
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