Warren Buffett, the successful American investment guru who is the chairman and CEO of Berkshire Hathaway has under the eyes of many, build a huge crane empire through its investment in Marmon Group.
Though none of the companies which are under the huge investment is reported in the KHL IC50, it is believed that under its current umbrella of investment, it actually makes him one of the largest crane owners in the world!
Check out the timeline below.
Berkshire Hathaway successfully completed its acquisition of 60% of Marmon for US$ 4.5 billion. Among Marmon business sectors, they owned Marmon Crane Services.
Marmon's crane business originated with Sterling Crane in western Canada in 1954.
Along with this, a joint venture has been formed called Astha Sterling Crane, in India. Under its arm, they also owned Procrane Sales Inc, which is the authorized distributor for crane manufactured by Tadano and Broderson.
Marmon has acquired Joyce Crane for an undisclosed fee. The crane company are located in the Ark-La-Tex region, five strategically located terminal, a staff of over 160 professionals, and 30 years of service in the crane industry.
The company will operate under its current name.
Entrec Corporation has entered into an agreement to sell its business to Sterling Crane, part of Marmon Crane Services for US$ 21.2 million. Back in 2016, Entrec Corp acquired HighMark Crane Ltd that specialized in providing services in the power transmission, mining and commercial construction industries across Canada.