10.05.2017

Mammoet acquires George Young

Dutch international crane and heavy transport company Mammoet has acquired Philadpehia, Pennsylvania-based rigging, machinery installation and heavy hauling company George Young from the Young family. No details of the transaction have been released.

George Young Company was established in Philadelphia in 1869 and covers the North Eastern part of the USA from locations in New Jersey, Pennsylvania, Delaware and Puerto Rico. The business will continue to operate as before but will be rebranded ‘George Young Mammoet’.

Mammoet chief executive Jan Kleijn said: “We welcome George Young Company to the Mammoet family. We are excited at the prospect of joining forces with one of the US’s oldest heavy hauling and rigging companies. This move significantly strengthens our North East American presence and aligns with our strategy to serve our customers locally through a global network of offices.”

George Young Company chief executive George Young - the fourth generation to manage the business - added: “Both George Young and Mammoet are renowned for their professionalism and safety records over their extensive histories. With no natural successors at hand, my sister Meredith and I have taken a deliberate approach to ensure the continuity and growth of the company. This extends our good working relationship with Mammoet by combining both companies’ expertise to expand our market offering. Together we can offer comprehensive factory-to foundation services allowing us to potentially add precision millwrighting to Mammoet’s services in this region and deliver and commission components from every part of the world. So, ultimately, Mammoet is the perfect ‘fifth generation’ for George Young Company. We are excited about this deal and the commercial opportunities it entails.”

Keith Guiochet, vice president operations Mammoet Canada said: “Until now Mammoet has worked in the North Eastern part of the USA on a project basis. This meant we mobilised Mammoet professionals and equipment from Mammoet Canada for individual projects. Given factors such as the economic strength of this region, the population density and growth prospects we have been looking to strengthen our foothold on a permanent basis. The deal with George Young Company allows us to be more responsive to commercial opportunities in this region. Also, we are in a better position to mobilise and upscale our operations to meet customer demands. In short, it is a natural fit of two companies that share 358 years of experience.”