William F. White to purchase Vancouver company Telescopic Camera Cranes Ltd.
William F. White International, Canada’s largest film and television equipment provider, is expected to purchase Vancouver-based company, Telescopic Camera Cranes Ltd., which houses one of the largest fleet of Technocranes globally.
This acquisition follows the company's recently announced $20 million investment in new production technologies in addition to a $40 million financing agreement with BMO Financial Group.
Telescopic Camera Cranes founding partners Andrew Mulkani, president, and Barrie Wells, vice president, will continue in their respective roles.
“Andrew and Barrie have built a tremendous company on a world scale and we’re delighted to have them become part of our group,” said Bronfman.
The company will remain in its present location, conveniently close to William F. White’s Vancouver facility.
“Ironically, White gave me my first job in the film business over 40 years ago and I’m glad to be back in association with such a widely-respected company,” said Mulkani.
The transaction is expected to close in June 2013, subject to the completion of standard due diligence.