A longtime Red Deer business has been sold, although both its name and former owner will remain.
Myshak Crane and Rigging Ltd. announced on Monday that it has purchased Foothills Crane Service (1988) Ltd. Financial terms of the deal, which closed Monday, were not disclosed.
Corey Mitchell, president of Myshak, said Foothill’s assets include five cranes, as well as trucks and rigging. He added that Doug McLellan, who along with his wife Judy acquired Foothills in 1988, will continue to manage the Red Deer operation. Three other Foothills employees will also continue to work there.
Mitchell said the business will operate locally as Foothills/MCR, at least for the time being.
He said Myshak has had a good working relationship with Foothills, and welcomed the opportunity to strengthen its position in Central Alberta.
Its clients include Cord Projects Ltd., which operates a modularization and fabrication facility at Blackfalds.
Myshak will give Foothills clients access to a much a broader range of equipment, said Mitchell.
“We have a fairly extensive fleet of equipment.”
Based in Acheson near Edmonton, Myshak Crane and Rigging serves the oil and gas, industrial, construction, and forestry industries. It was formed in August 2005 by Mike and Jim Myshak, who were operating Myshak Sales and Rentals Ltd.
Mitchell said the company has been expanding its territories to satisfy the needs of customers, and hinted that further growth is a possibility.
Foothills dates back to 1975. It’s also served customers in a broad range of industries, said Mitchell.