St. Louis-based power generation manufacturer CK Power has acquired Terramac, effective Jan. 1. Terramac is a manufacturer of a robust lineup of rubber track crawler carriers. The acquisition will allow CK Power to expand its equipment offerings and capabilities with Terramac carriers in North America while growing its footprint in various energy markets.
“We see tremendous value in the Terramac product line,” said Clayton Costello, vice president of marketing and corporate strategy at CK Power. “Terramac carriers are rugged and durable machines that are modernizing remote access construction across an infinite number of markets. We’re confident our acquisition will result in offering more productivity for our customers while strengthening our partnerships.”
The integration of both companies is underway, and Terramac will continue to operate under its existing brand and base location in Elburn, Illinois. Current infrastructure and the Terramac dealer network will leverage CK Power’s extensive knowledge and expertise in manufacturing and distribution. Throughout this transition, Terramac customers will continue to receive the same high-quality products and personalized support they have come to expect.
“Terramac has a strong reputation for providing versatile off-road equipment solutions to a variety of industries,” said Matt Slater, vice president of sales and marketing at Terramac. “We’re excited for this acquisition as it will expand our opportunities for growth from a manufacturing and distribution standpoint while enhancing our customer service.”
CK Power is a leading manufacturer, distributor and service provider of power generation and off-highway mobile power solutions with more than 90 years of experience serving a variety of industries. Their mission to continually expand and improve product offerings is supported by a professional staff and achieved through strong core values.
Terramac was established to produce the world’s leading crawler carriers. Units are sold through a full dealer network that offers customers easy-to-locate parts and service throughout the world. The units can be customized with support equipment to serve many industries such as pipeline, utility, mining, environmental, general construction and other sectors.Tags: CK Power, Crawler Carriers, mergers and acquisitions, Terramac