Join The Discussion

 

Mixed-use residential, commercial project moves forward near Fort Worth's T&P Station

The Fort Worth T, Fort Worth Housing Authority, city, and Fort Worth South nonprofit are taking the next step in studying the market for a mixed-use residential and commercial complex on a parking lot south of T&P Station.

read more >

FAA: Plano, Granbury family members dead in Central Texas plane crash

RANGER, Texas (AP) — Three family members have died in a small plane crash in rural Central Texas.

read more >

Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

read more >

35 Concerts moving to Sundance Square

35 Concerts LLC has announced plans to move offices to Sundance Square in downtown Fort Worth.

read more >

ACH has 'buyer interest' for Summit property, plans to demolish Print Shop building

ACH Child and Family Services plans to demolish the historic Print Shop building on its Wichita Street campus and has confirmed buyer interest in its Summit Avenue property.

read more >

 

Southlake-based equity fund expands heavy construction holdings

.

By Bill Bowen
Allegiance Crane & Equipment LLC, a holding of the $2 billion private equity fund based in Southlake, Prophet Equity, has completed a deal to acquire the assets and operations of Action Crane Service Inc. of Fort Lauderdale, Fla., for an undisclosed sum.
The deal gives Allegiance a broader south-Florida customer base with equipment and personnel in the area to capitalize on the rapidly growing construction work of the region.
The acquisition of the 17 mobile cranes in Action Crane’s stable gives Allegiance a total of more than 150 cranes and hoists. The company is based in Pompano Beach, Fla., but has operations in Houston, San Antonio and Carrizo Springs, Texas.
"The successful acquisition of Action Crane enhances Allegiance's South Florida presence and improves its ability to take advantage of the rapidly improving market in the area," Ross Gatlin, CEO and managing partner of Prophet Equity said in a press release.
Prophet Equity pursues investments in lower and middle market companies with strategically strong business with value potential, such as those found in divestitures, non-strategic businesses, corporate carve-outs and others. It has $2 billion in value scattered across 30 entities with combined revenue of $4 billion.

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?