Joyce Crane Acquired in Expansion Move by Internationally Renowned Marmon Crane Services, Inc.
Longview, Texas – (April 8, 2019) – Joyce Crane, setting a higher standard in expert crane service since 1985, today proudly announced at an employee meeting that the company has been purchased in an acquisition agreement with Marmon Crane Services, Inc.
Headquartered in Longview, Texas, with additional locations in Texas, Arkansas, and Louisiana, Joyce Crane serves the heavy duty lifting and rigging needs of refineries, petrochemical companies, and power and manufacturing plants throughout the South and across the country.
“We are excited to welcome Joyce Crane and its employees to Marmon’s global portfolio of crane businesses,” said John Roberts, Sector President of Marmon Crane Service. “Joyce Crane is a company with a strong brand and an excellent service record, and we look forward to its continued growth under Marmon’s ownership.”
The company will continue to operate under the Joyce Crane name and brand. Staff and leadership, including founder Joe Bob Joyce, will remain the same with business support by Marmon Crane Services management.
“This is a very exciting time for Joyce Crane. This agreement is a positive move that will strengthen both companies and benefit all of Joyce Crane’s stakeholders, including our employees, clients, and vendors,” said Joe Bob Joyce, President. “We also remain steadfast in our commitment to the communities where we live and do business.”
Marmon Crane Services is headquartered in Chicago. The company owns and operates one of the largest fleets in the world with more than 1,200 mobile cranes. Its current companies include Procrane and Sterling Crane in Canada and the United States; Advantage Crane, based in Victoria, British Columbia; Freo Group, based in Kwinana, Western Australia; and WGC Cranes, based in Wollongong, New South Wales. Marmon’s crane business originated with Sterling Crane in western Canada in 1954.
Marmon Crane Services is part of Marmon Holdings, Inc., a Chicago-based diversified holding company with operations in 23 countries and 2018 revenues exceeding $8 billion. Marmon Holdings is a subsidiary of Berkshire Hathaway Inc.
Financial terms were not disclosed.
ABOUT JOYCE CRANE
With three decades of heavy-duty lifting and rigging knowledge experience, Joyce Crane depends on its expert staff to develop an efficient, cost-effective lift strategy designed specifically to a project’s exact needs. Their certified team of crane operators executes that plan, all while ensuring the safety of the work place and protecting their clients’ investment.
ABOUT MARMON CRANE SERVICES, INC.
Marmon Crane Services, Inc. is a business sector within The Marmon Group and a Berkshire Hathaway company. The Marmon Group is an international association of about 185 manufacturing and service businesses that operate independently within 11 diverse, stand-alone business sectors, with collective revenues of approximately US $8 billion. Berkshire Hathaway and its subsidiaries engage in a number of diverse business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing, and services.