A Southway crane sits on the company's Blaylock Street site Tuesday in Albany. TNT, a Texas-based crane company, has merged with Southway, which is based in Georgia. (Jan. 8, 2013)
ALBANY, Ga. -- A Texas-based crane and rigging company has merged with Macon-based Southway Crane Company, expanding the company's footprint throughout the Southeast.
Southway has eight branches throughout Georgia, Tennessee, South Carolina and North Florida, including an office in Albany.
TNT Crane and Rigging made the announcement Tuesday.
"We are extremely excited to bring together two of the best crane companies in the business," Michael Appling Jr., president and CEO of TNT, said. "This combination puts us in a stronger and more competitive position from numerous perspectives. We will achieve greater industry and geographic diversification which greatly mitigates our overall business and concentration risk.
"Our combined fleets and capabilities, strong customer relationships and deep operational experience provide an excellent runway for strategic growth through maximizing utilization, penetrating new contiguous markets and taking advantage of pull through customer relationships in new geographies."
In a news release Tuesday, TNT officials said that Jerry Reynolds, the founder and majority shareholder of Southway, will join TNT as a member of the executive leadership team and will oversee the Southeastern operations.
TNT, which is based in Houston, Texas, primarily does business in Texas and Louisiana.