- Associated Press - Saturday, June 8, 2019

COLUMBUS, Miss. (AP) - A Tennessee company is buying most of the assets of a bankrupt Mississippi crane company.

Barnhart Crane and Rigging Company of Memphis, Tennessee, announced that it has purchased most of Columbus-based Burkhalter Rigging.

Bankruptcy court documents reflect Barnhart paid $13.8 million, plus certain assumed costs. The sale closed May 31.

Burkhalter had filed for Chapter 11 bankruptcy reorganization in January in Texas. The company said then that a failure to make loan payments forced it to sell crucial equipment, further hurting its business.

The Commercial Dispatch reports that Barnhart will keep about 40 employees in Columbus, including branch manager Brooke Burkhalter.



Burkhalter specialized in moving heavy equipment for petrochemical, power, civil and marine industries worldwide. It has facilities in Columbus and Texas.

Barnhart has more than 50 locations nationwide.

___

Information from: The Commercial Dispatch, http://www.cdispatch.com

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide