Market Overview

Barnhart to Purchase Selinsky Force's Rigging, Hauling and Crane Service

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Barnhart Crane and Rigging Co. and Selinsky Force, of Canton, Ohio, have
entered into an agreement under which Barnhart will purchase Selinsky's
crane and rigging operations, including all associated personnel and
equipment of that business unit.

Selinsky Force is an established and well-regarded company and will
retain and continue to operate all of its core industrial services as it
has for decades. Selinsky Force provides a wide range of services
including refractory, equipment rental, plant maintenance, steel
erection, and pulverizer services.

The rigging operation sold to Barnhart offers crane service of up to
275-ton capacity, hydraulic gantries and sliding equipment, lift trucks
of up to 100,000-lb. capacity, and trucking services including hydraulic
transporters. Barnhart will acquire Selinsky's rigging, hauling and
crane assets and personnel related to that business unit. The
acquisition will further enhance Barnhart's presence in the Midwest,
where Barnhart already operates a number of branches in Kentucky and
Illinois.

"Selinsky has a great reputation for providing crane, rigging and
hauling services in Ohio, western Pennsylvania and West Virginia. This
team will help Barnhart become the best heavy lift and heavy
transportation provider in our market," said Matt Brennan, Barnhart
Chief Financial Officer.

Brennan added, "Going forward, Selinsky Force industrial services
customers will continue to receive the same quality service and product
offerings as they have in the past. The crane and rigging customers will
benefit from access to Barnhart's nationwide network of locations backed
up by project cargo logistics capabilities, its engineering department
with more than 60 engineers, and its own fleet of barges for transport
on inland waterways."

Barnhart is one of America's leading lifting and logistics contractors.
With a current network of nearly 50 facilities, Barnhart provides
world-class service through a local presence. Operated crane rental,
rigging services, outage planning, specialized solutions for component
replacement, industrial storage and national project cargo logistics all
combine to ensure Barnhart's customers receive the lowest total project
cost. Barnhart also boasts one of the largest engineering teams in the
industry—including a full R&D department—driving innovation across all
services. Barnhart is a U.S. company headquartered in Memphis, Tennessee.

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